LINK/BTC SETTING UP FOR SMALL BOUNCE ON CHANNEL
LINK/BTC has been falling for the last day or so, looking for support around the lower trend line and a bounce back. Very oversold sentiment.
This would be a higher risk entry for me, although 8% isn’t much, I am hoping for an intraday set up so 8% in a day works for me.
Entry around .00004100 and an exit around the .00004450 area, if very bullish I would look for a break of the channel and let it run/follow a trailing stop loss.
A safer entry would near the .00004250 area.. If channel support is broken, this trade will be canceled. I will only enter with a bounce off channel support line, with a rise to .00004100 price target. VERY tight stop loss around .00004000 to start
This is my personal opinion, this is not investment advice, invest at your own risk and good luck trading.
LINK/BTC current price is .00004000
COMPLETED 4:42 LOS ANGELES TIME
This would be a higher risk entry for me, although 8% isn’t much, I am hoping for an intraday set up so 8% in a day works for me.
Entry around .00004100 and an exit around the .00004450 area, if very bullish I would look for a break of the channel and let it run/follow a trailing stop loss.
A safer entry would near the .00004250 area.. If channel support is broken, this trade will be canceled. I will only enter with a bounce off channel support line, with a rise to .00004100 price target. VERY tight stop loss around .00004000 to start
This is my personal opinion, this is not investment advice, invest at your own risk and good luck trading.
LINK/BTC current price is .00004000
COMPLETED 4:42 LOS ANGELES TIME
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