Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
LINK/USDT trading strategy
h-line w-part-linebg-blue-900
mb-3
">
- Buy/sell asset: Buy LINK/USDT
- Entry price: 11.403
- Stop loss: 10.66
- Leverage: 2x
- Take profit 1: 12.55
- Take profit 2: 13.75
- Take profit 3: 15.95
- Timeframe: 1-2 weeks
- Maximum profit: 40%
- Maximum loss: 6.48%
LINK/USDT chart and technical analysis
LINK/USDT has ranged between the $10.456 support level and $11.788 resistance level since October 25th. However, the price broke above the $11.788 resistance level today and made a new high.
Overall, the price of LINK/USD has gained about 74% since October 13, and will possibly gain 35-40% further after making some retracement.
I am expecting the price will drop to $11.40 support level and 0.786 Fibonacci level before heading for new highs. I am considering the $11.40 support level for buy entry and my target for this trade is $15.95.
Chainlink (LINK) fundamental analysis
The Chainlink (LINK) surge is far from done as analysts expect the price to surge to $15.95.
LINK/USDT is among the altcoins that have witnessed a significant resurgence in recent days along with bitcoin and other major cryptocurrencies and will possibly continue their rally in the coming days.
LINK to Tether trade idea takeaways
- LINK/USDT recovered 74% since last month.
- The price will possibly rally to the $15.97 resistance level in the coming days.
- Multiple take-profit levels have been added to secure profit along the way.
- The risk-to-reward ratio on this trade is 1:6.4.
- The entry and stoploss prices have been placed at secure levels with the least probability of getting hit.
- Good luck!
The post LINK/USDT potential long entry around $11.403 appeared first on Invezz
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.