Long

LINKUSD: Rallying Back to $20 | 72.73% Confidence!

Updated

has been drawing a lot of attention in the crypto space in the past few days. It experienced a significant drop in price (-47%), but now it's starting to show signs of a potential rebound and might be heading bullish again.

Here's the breakdown:

price took a major hit over the past 2-3 months and has been consolidating since. According to my Free Probability Indicator, There's a 72.73% chance it could climb back over $20, which is pretty much encouraging!

This price drop might actually be beneficial as it presents a great opportunity to buy LINK at a lower price.

If you're thinking about trading LINK, here's what you should consider:

Entry:

Wait for clear signs that the price is going up again, like huge up-move candle showing strong positive movements on the daily chart.

Once you're confident the trend is changing, consider buying LINK.

I'm currently looking at the 4H Equilibrium to get positioned.

Exit:

To protect yourself from drawdowns, consider setting a "trailing stop-loss." This will automatically trigger a sell order if the price starts dropping again after you buy, securing your running profits.

Risk Management:

Ensure you're not risking more money than you can afford to lose.
Only invest what you're comfortable with and consider how much you're willing to lose if things don't go as planned.
This isn't financial advice, just some insights to help you make informed decisions. Always do your own research before investing in anything.

Note

Almost there

Trade closed: target reached

Fully delivered to daily highs

Fractalyst

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📥┃ 𝐅𝐫𝐞𝐞 𝐒𝐜𝐫𝐞𝐞𝐧𝐞𝐫:
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