#LINK/USDT 1h (OKX Futures) Ascending wedge on resistance

By TradingOn
Updated
ChainLink printed two shooting stars in a row and seems likely to retrace down to 200MA support.

⚡️⚡️ #LINK/USDT ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Short)
Leverage: Isolated (5.6X)
Amount: 5.0%

Current Price:
20.219

Entry Targets:
1) 20.449

Take-Profit Targets:
1) 19.002

Stop Targets:
1) 21.174

Published By: @Zblaba

LINK LINKUSDT.P #ChainLink #DeFi #Oracle chain.link

Risk/Reward= 1:2.0
Expected Profit= +39.6%
Possible Loss= -19.9%
Estimated Gaintime= 2-4 days
Trade active
OKX Futures
LINKUSDT.P All entry targets achieved
Average Entry Price: 20.449 💵

LINK is pulling back to entry, let's see if gets rejected as expected.

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Comment
⚡️⚡️ LINKUSDT.P ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Short)
Leverage: Isolated (5.6X)
Amount: 5.0%

Entry Targets:
1) 20.449 ✅

Take-Profit Targets:
1) 19.002

Stop Targets:
1) 20.449

Published By: @Zblaba

LINK is going down as planned so far after retesting the wedge resistance, already halfway to TP, time to secure SL at BE.

snapshot
Trade closed manually
OKX Futures
LINKUSDT.P Stop Target Hit ⛔️
Profit: 0.0%

LINK bounced back and kicked us out at Entry, you may stick with original SL if you are still in.

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Comment
LINKUSDT.P 2h

LINK is going back down and approaching the TP, congrats if you held short!

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Comment
LINKUSDT.P 2h

LINK finally dumped enough to hit TP, what a ride!

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chainlinkDEFIfibretracementLINKLINKUSDTMoving AveragesoracleRWAsmartcontractSupport and Resistanceweb3Wedge
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