ST long on $LINK (2019.08.18)

18 Ağu 2019

LINK was a very strong performer YTD but has been in a bit of downtrend lately. It's showing signs of coming out of it though. Chart showing a bit of an inverted H&S pattern (not perfect) and a potential broadening wedge. Latest move up seems to be the right shoulder, so there's potential for a breakout. It may depend mostly on where BTC goes from here (i.e. strong dump or pump could scatter this whole idea....or drop price further). Potentially decent Risk/Return at present though.

Price already tapped the neckline but hoping the trend up continues.

SL: About 5% from entry, below the trend line and a couple of S/R levels
TP1: ~7-8% above entry
TP2: Trailing take-profit above 10% (4% below price).

Longer-term review

8 Eyl 2019

İşlem kapandı: durdurma seviyesi