LINKUSDT | MT Long H4 | Chainlink's Supply-Demand Zone

16 באפר׳

Pair: LINKUSDT
Timeframe: H4 - Medium Term (MT)
Direction: Long

Technical Confluences for Trade:
- Price have bounced off 61.8% Fibo retracement levels
- Price action is within two different parallel channels; 1 acts as a bottom channel support and the other is within a supply-demand zone channel
- Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level

Fundamental Confluences for Trade:
- Chainlink's progress has been remarkable and their latest application, Transporter allows users to move crypto assets and data across multiple networks.
- Further escalation of war risk may see risk assets get affected

Suggested Trade:
Entry @ Area of Interest 12.90 - 13.50
SL @ 11.59
TP 1 @ 14.48 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 16.03
Risk-to-Reward @ Approx. 2.26 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.

21 באפר׳

הערה

Price is close to TP1 levels.

You can close half position and move the SL to Breakeven levels.

:D

23 במאי

עסקה סגורה: היעד הושג

TP 2 achieved.

Enjoy the gains and look forward to the next trade! :D