@rafaelken1989 17 September 2022

Chainlink Awaits Break-out Towards 161.80% Fib Extension

I like the LINKUSD's 4-hour price structure right now! It seems bullish pressures keep building up. I think it's better for me to wait and buy the break-out on $8.55 mark while putting a long cover at $8.31 to be safe. Once $8.55 hits it will trigger a market reaction and squeezing shorts down low with strong bids alignment. Exiting my long position at the 161.80% fib extension level ($9.10) will be a good try! This will be a risky yet ambitious trade plan with a risk:reward score of 2.292. Original article written by me: https://www.finlogix.com/analysis/20220917/chainlink-awaits-break-out-towards-16180-fib-extension