I took a long position with leverage on Phemex at $10.90 cents on the LINK/USD pair. I laid this out in the video the other day, but was watching a bit of a bull flag or descending wedge forming above the descending support (not shown). Now we have another retest of this descending support and are approaching the ascending support line. That’s the circle and is the area I have been watching. We also have a TD Sequential red 9 (buy signal) on the 12 hour chart. This seems like a decent spot to bounce. Targets are white lines, stop loss for me is shown with the red line, just under 10.2. This could EASILY FAIL. I am taking the trade because the upside far outweighs the downside. The LINK/BTC pair is also approaching a somewhat major support.

scott.melker@texaswestcapital.com
Penafian

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