Long time LINK marine, First time publishing an idea.
NFA. Don't drag me, this is my first trade idea. Critiques are welcome.
I added to my LINK position at $25.
I also have buys set around $18-$20 in case the bottom of this falls out.
Not only do I think $20 would be a healthy correction, but it would set us up on very strong long term support that dates back to mid 2020 and give the long term support for LINK a very healthy trajectory; It may never happen though, if she holds this line and breaks upwards around mid April, she's never coming back.
If/when she breaks upwards I expect a retest of ATH, then establishment of support around $28 before new price discovery.
I added to my LINK position at $25.
I also have buys set around $18-$20 in case the bottom of this falls out.
Not only do I think $20 would be a healthy correction, but it would set us up on very strong long term support that dates back to mid 2020 and give the long term support for LINK a very healthy trajectory; It may never happen though, if she holds this line and breaks upwards around mid April, she's never coming back.
If/when she breaks upwards I expect a retest of ATH, then establishment of support around $28 before new price discovery.
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