LINK Maintain Buy (1D)

By rasika777
Updated
LINK is trading within an upward channel. Those who already have a position can monitor this channel and exit the trade if it is broken (Either 3 consecutive candles closed below it OR a full candle traded below it).

But, keep in mind that LINK is trading within a box (5.000 - 10.000) for well over a year now. Long-term hodlers can accumulate when drops occur within this box.
Trade closed manually
As the upward channel is clearly broken, the position is closed.

However, if you're still willing to hold, watchout a break of 7.408 support to exit.
Trade closed manually
As the 7.408 support has broken, better to exit the trade.
Parallel ChannelSupport and Resistance

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