$LINK/BTC 1D (Binance Spot) Falling wedge breakout
Updated
ChainLink just regained 50MA and descending TL support, we expect it to pump for real soon.
This token is not only DeFi, but part of almost all existing Ecosystems (BSC, DotEco, SolEco, AvaxEco, MaticEco, FtmEco...)
Current Price= 0.0005442
Buy Entry= 0.0005450 - 0.0005210
Take Profit= 0.0006375 | 0.0007687 | 0.0008819
Stop Loss= 0.0004632
Risk/Reward= 1:1.5 | 1:3.38 | 1:5
Expected Profit= +19.61% | +44.22% | +65.46%
Possible Loss= -13.10%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 2.5 months
This token is not only DeFi, but part of almost all existing Ecosystems (BSC, DotEco, SolEco, AvaxEco, MaticEco, FtmEco...)
Current Price= 0.0005442
Buy Entry= 0.0005450 - 0.0005210
Take Profit= 0.0006375 | 0.0007687 | 0.0008819
Stop Loss= 0.0004632
Risk/Reward= 1:1.5 | 1:3.38 | 1:5
Expected Profit= +19.61% | +44.22% | +65.46%
Possible Loss= -13.10%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 2.5 months
Note
ChainLink pumped very nicely (+13.54%) right after we published, unfortunately it seems PC bot has not purchased.We hope some of you were able to buy manually, if not we may get filled on next pull-back if we are lucky enough!
Trade active
First entry filled After reaching first target and even higher, ChainLink finally went down revisiting demand zone and this time the PC bot bought!
It needs to regain 50MA now though to properly resume bullish, set-up is surely still valid.
Trade active
Second entry filledChainLink dipped a bit more before bouncing back, quite a precise catch!
Trade closed: stop reached
SL was hit with -13.10% and -1RNot even ChainLink was able to save the DeFi tokens and fell hard...
Related publications
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.