LINK / USDT (Binance Futures) swing trade for 140-200%
Updated
LINK / USDT is forming a nice potential set up here. There is decent profit potential whether it goes up or down.
Once I enter I will be putting a stop loss at around -2%. Spot move for this should be 10% to the upside. 7% to the down side (with potential 2 potential targets lower). I will be using 20X leverage on this, so I will be quick to take profits. At take profit #1 I will dump 75% of this trade. Anything beyond that is bonus.
On a break up:
Enter long at $3.51
Take Profit at $3.88
On a break down:
Enter short at $3.09
Take profit #1 at $2.87
Take profit #2 at $2.56
Take Profit #3 at $2.43
Once I enter I will be putting a stop loss at around -2%. Spot move for this should be 10% to the upside. 7% to the down side (with potential 2 potential targets lower). I will be using 20X leverage on this, so I will be quick to take profits. At take profit #1 I will dump 75% of this trade. Anything beyond that is bonus.
On a break up:
Enter long at $3.51
Take Profit at $3.88
On a break down:
Enter short at $3.09
Take profit #1 at $2.87
Take profit #2 at $2.56
Take Profit #3 at $2.43
Note
Well, looks like it's a go on LINK / USDT. I just hit my entry target. With Bitcoin closing above a whole bunch of EMA's on the 4hr chart, it looks like the bulls are trying to close the week above the 100 SMA. Let's see where we are in 8-12 hrs from now.
Note
Here is Bitcoin on the 4 hr chart looking short term bullish. coinigy.com/s/i/5e9344a26b41b/Note
Got stopped out on the last go around. I'm in it again profitable with a stop loss set to break even. Let's see how this plays out. I may decide to just take my profits and run. Note
I exited at $3.78.I imagine this trade will eventually complete it's way up to my target at $3.88, but I took my profits and walked away for now.
Final tally was + 153% on this trade.
Note
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Note
Topped out $.03 over my target. Nailed it! Personally I never re-entered after my exit at $3.78. Analysis was on point though.
I will post more set-ups soon.
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