LINK performed a strong breakout with large volume after the final shakeout and completed the downward sloping accumulation structure.
The price base re-accumulation this time lasted only 18 days, which is very urgent compared to the accumulation period of more than 500 days at the bottom and more than 80 days after re-accumulation after breaking out of that bottom. Therefore, entering the market without waiting for the signal to retest the previous congestion area will expose investors to more risks.
Wait for the signal to retest the BUEC (Back Up To The Edge of Creek) at the upper edge of the price channel to get an entry point with low risk.
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