Nice Short Opportunity on LINK/USDT
LINKUSDTMaybe a bit premature on my entry here but I feel like the risk/reward is there to take this play.
Descending triangles have a higher probability of breaking to the downside, since support keeps getting chipped away.
Link ran up so fast that it failed to stabilize support levels along the way, so there's a lack of structural supports nearby.
I'll risk 5% for a potential 15% gain, any day.
Comment your thoughts below. Happy trading!
Trade closed: target reached
Target reached :)
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Want to try our Lucron Trend Accelerator v.4?
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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.