TradingOn

$LINK/USDT 90m (Binance Futures) Descending channel breakout

Long
TradingOn Updated   
BINANCE:LINKUSDT.P   ChainLink / TetherUS PERPETUAL CONTRACT
ChainLink broke out of that parallel channel, seems to be a bullish flag, the idea is to emter on the retest of 50MA!

Current Price= 26.781
Buy Entry = 26.402 - 26.200
Take Profit= 27.181 | 28.127 | 29.039
Stop Loss= 25.713

Risk/Reward= 1:1.5 | 1:3.11 | 1:4.66
Expected Profit= +13.40% | +27.76% | +41.64%
Possible Loss= -8.96%

Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 4x
Estimated Gain-time= 5 days
Trade active:
Both entries filled

ChainLink finally dipped to our buy zone, wait for the possible bounce now!

Trade closed: target reached:
TP2 reached +27.76% (4x) and +3.11R

ChainLink nicely respecting the plan, last target is likely to be hit soon!

Trade closed: target reached:
TP3 more than reached with +41.64% (4x) and +4.66R

ChainLink kept growing bringing up to +106.44% (4x) if you dared to hold that high!


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.