ijustcoin

LINKUSDT - 1 long trade and 3 scenarios

Long
BINANCE:LINKUSDT.P   ChainLink / TetherUS PERPETUAL CONTRACT
* DON'T BE AN IDiOT AND THiNK FOR YOURSELF!
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TRADE:: 01_022721_LINK

TYPE:: Long
PATTERN:: Triangle consolidation
SIGNAL:: 4H MFI
FILTER:: 1H OBV

VOLUME:: $30000
ENTRY:: 26.596
SL:: 24.823
TP1:: 63
TP1:: 81
TP1:: 93
R/R:: 36
RISK:: $2100
REWARD:: $60000

PROS::

1. 45% pullback occured, if we are done - we are going back up

2. Nice support line to push the price higher above the resistance


CONS::

1. Market Maker may tend to break the support line and push the price down to liqidation aread around $18-$19

2. 1H and 4H OBV are still red, i need to see them green to be more confident before entering

OVERALL::

* We have a triangle consolidation
* The question is from which point it will be broken?
* We are waiting for the blue line to cross golden line at 4H MFI chart
* 3 scenarios may occur. They are pointed on a chart as arrow-lines
* Be ready to buy the dip at $20-$18 range if the support doesn't hold

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