Link short idea

16 set 2023

Hi everyone. As you see in chart link close to resistance area of parallel channel. Short position can give us good profit.

Entry : 6.347
Stop : 6.68
Target : 5.75

18 set 2023

Trade chiuso: stop raggiunto

my stop point was reached but i still carry position because in btc pair link didint break the resistance as you se below;

20 set 2023

Trade attivo

still trend was not broken,my position active. position status around -%80.

21 set 2023

Trade attivo

i think link rejected from the resisitance in btc pair;

23 set 2023

Trade attivo

link really tried to break the channel as you below. depend on behaviour of price i can close it. but still i think link will decline ...

24 set 2023

Nota

i still carry position now -%160. i will close my position near entry point around 6.7

24 set 2023

Trade attivo

here last situation for link btc graph.i expected stronger reaction from resistance. but it didint happen.

24 set 2023

Trade attivo

as you see on the graphic, link going in the range .if it close daily candle under the resisitance i will keep position until %70 profit.

27 set 2023

Nota

im still in position. stiuation is - %198 .

29 set 2023

Trade attivo

still carrying position. situation is -%300.

1 ott 2023

Nota

still in position. situation is -%320. BUT i started to think ascending channel brooken and if it continues to dump, can be seen 5.6 or 6 $ in coming days

5 ott 2023

Nota

still in position. situation is -%250

9 ott 2023

Nota

still in position. situation is -%150

11 ott 2023

Trade attivo

i added weekly link/btc weekly graph . channel structure still not broken.



i believe link can decrease more in coming days.