Chainlink LINK long medium-term trade #19

5 Okt 2023And we continue our series of potential medium-term trades.
For the past year and a half, the LINKUSDT price has been trading in a wide range of $5-9. During this time, buyers have made 6 attempts to break through and gain a foothold above $9, but all in vain. Perhaps they will succeed the 7th time?)

Given the fact that in the previous few weeks, LINK buyers have been showing considerable strength and pushing the price up, we are ready to buy LINKUSDT long on the following conditions:

• Entry: in the range of $6.60-6.90 (an average price of $6.75 is desirable)
  
• Stop: $6.049 (-10.4%)
  
• Take profit: $11.84 (+75.4%)
  
• P/L ratio: 7.26
  

We allocate $10,000 for LINKUSDT trade, in the event of a mistake, we will lose $1040. If the trade will be a success, we will receive a profit of $7540

21 Okt 2023

Trade aktif

27 Okt 2023

Trading ditutup: target tercapai