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LINKUSD D1: 30%+ CORRECTION WARNING TP 4.00(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: LINKUSD daily/candle chart review ::: 30% CORRECTION WARNING ::: updated/revised outlook ::: distribution in range / weak chart ::: limited upside / expect dump from HIGHS ::: weakness will last for 4-8 weeks ::: LOG SCALE chart ::: backtested wedge breakout ::: RISING WEDGE BEARS taking over ::: FTX/ FTT bankruptcy will pull crypto down ::: CLEAN REJECTION AT recent highs ::: S/R was re-tested produced WEAK bounces ::: final BOUNCE possible now before DUMP ::: also noteworthy sequence of lower highs ::: recommended strat: MARKET SHORT IT ::: final TP BEARS is 4.00/4.20 usd ::: 40-45% correction possible next ::: 4-8 weeks in November/December 2022 ::: right now no upside in this market ::: position traders should wait for ::: better entry prices later after ::: no upside in this market it's game over ::: recommended strategy: SHORT SELL AT MARKET ::: TP BEARS is +40% gains - near 4.00 USD ::: BULLS stay out until correction is over ::: SWING TRADE: SHORT/HOLD IT ::: correction run not over yet ::: good luck traders! ::: BUY and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION/40% ::: Sentiment short-term: DUMP/GAMEOVER
RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
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