Price action on LINKUSD Oct-Nov 2019
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Update on a chart from mid October, LINKUSD price action on the daily chart. Sadly I have forgotten to click on the public button so it was a private idea, I do not upload those to prove myself to anyone, I am not into competition with noone but myself. Just simply following the process of thought and actions I take.
In this case I called a short in Link because of the recent price rejection around $3 USD, but I knew it would only test the support. I entered a short right after I posted (sadly a private chart) and Longed without an update within the Tradigview journal.
The targets were the following:
Date: 10.10.2019
Position: SHORT
Order type: Limit order
Price: $2.58 USD
TP1: $2.38 USD
TP2: $2.20 USD
The LL was created at a level with a good enough price action to be called a support (in my opinion) - lowest price was on 16.10.19 at $2.18 USD. That triggered my long position to take place at $2.20 USD, and I anticipated a slightly HH on the current trend. My take profit was set on $3.17 but was not triggered. I was able to take profits however on $3.14 USD.
The total ROE% is around 23% on the short and 43% on the long positions. I can't be more comfortable with the call than this.
I am longterm extremely bullish and currently in accumulating LINK.
PS: Both the LL and HH were not as precise as I would like them to be, with ~ 0.01USD outside the range.
In this case I called a short in Link because of the recent price rejection around $3 USD, but I knew it would only test the support. I entered a short right after I posted (sadly a private chart) and Longed without an update within the Tradigview journal.
The targets were the following:
Date: 10.10.2019
Position: SHORT
Order type: Limit order
Price: $2.58 USD
TP1: $2.38 USD
TP2: $2.20 USD
The LL was created at a level with a good enough price action to be called a support (in my opinion) - lowest price was on 16.10.19 at $2.18 USD. That triggered my long position to take place at $2.20 USD, and I anticipated a slightly HH on the current trend. My take profit was set on $3.17 but was not triggered. I was able to take profits however on $3.14 USD.
The total ROE% is around 23% on the short and 43% on the long positions. I can't be more comfortable with the call than this.
I am longterm extremely bullish and currently in accumulating LINK.
PS: Both the LL and HH were not as precise as I would like them to be, with ~ 0.01USD outside the range.
Trade chiuso manualmente
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