LINK SHORT SIGNAL H4
Updated
Hello friends,
In the Link cryptocurrency, we have drawn a resistance level represented by the red line, which has been penetrated by a spike candle. This allows us to consider a short position on this currency.
I have identified two patterns for the continuation of Link's movement. The first one involves a pullback to higher areas, where liquidity exists. The second one occurs without a pullback, indicating a high selling pressure scenario.
I suggest paying attention to the specified ranges based on your trading setup.
My personal recommendation is to be patient until the trendline is touched.
I would be happy to hear your opinions.
Wishing you happiness, health, and success.
In the Link cryptocurrency, we have drawn a resistance level represented by the red line, which has been penetrated by a spike candle. This allows us to consider a short position on this currency.
I have identified two patterns for the continuation of Link's movement. The first one involves a pullback to higher areas, where liquidity exists. The second one occurs without a pullback, indicating a high selling pressure scenario.
I suggest paying attention to the specified ranges based on your trading setup.
My personal recommendation is to be patient until the trendline is touched.
I would be happy to hear your opinions.
Wishing you happiness, health, and success.
Trade closed: target reached
In the LINK cryptocurrency, the Point and Figure pattern has occurred, resulting in a 6% price decline. However, the price has experienced a larger decline than this percentage, and according to our strategy, we were able to capture this profit.
New analysis updates will be provided for you dear ones.
Trade closed: target reached
Link currency has experienced a 19% drop in price after the announcement.
Considering the price being in the range and the selling pressure, we can expect the price to go down in the first step to the bottom of the range, i.e. the price of 5.75.
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