LINK/BTC
Keep it simple!
Looking at LINK on the daily, we can see LINK came down perfectly to the green range (buy area) and held this level as support. For those that took this trade, you would have taken by now 6 profit targets (orange boxes), and made on this trade over 160%! By this point most of your trade should be out.
The red box is a range where LINK must close above in order to continue the trend. At this range I would start hedging shorts, as a rejection in this range would signify a reversal. If the red box is broken I see LINK going to the levels of 45000 and 55000 Sat's. These are the next ranges I would take profit.
For now we must see a daily candle hold above 36700 Sat's to continue this rally.
A this point I would be cautious, as many including myself have made massive amounts of profit on this trade, so I favour a reversal more likely.
Looking at LINK on the daily, we can see LINK came down perfectly to the green range (buy area) and held this level as support. For those that took this trade, you would have taken by now 6 profit targets (orange boxes), and made on this trade over 160%! By this point most of your trade should be out.
The red box is a range where LINK must close above in order to continue the trend. At this range I would start hedging shorts, as a rejection in this range would signify a reversal. If the red box is broken I see LINK going to the levels of 45000 and 55000 Sat's. These are the next ranges I would take profit.
For now we must see a daily candle hold above 36700 Sat's to continue this rally.
A this point I would be cautious, as many including myself have made massive amounts of profit on this trade, so I favour a reversal more likely.
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