LINKUSDT 1D Possible corrective pattern
LINKUSDT 1D Possible corrective pattern
In the 1D time frame, all levels are magnified and corrections that occur in smaller time frames are insignificant.
Levels to take into consideration:
SL 9.80 This level is in line with the lows recently marked.
SL1 8.50 Just below the bullish trend line and already recently reached.
SL2 5.75 This would be a purchase and accumulation zone.
TP 15 in case the 0.618 of the last bearish section is corrected before looking for the purchase zone at 5.75.
In the 1D time frame, all levels are magnified and corrections that occur in smaller time frames are insignificant.
Levels to take into consideration:
SL 9.80 This level is in line with the lows recently marked.
SL1 8.50 Just below the bullish trend line and already recently reached.
SL2 5.75 This would be a purchase and accumulation zone.
TP 15 in case the 0.618 of the last bearish section is corrected before looking for the purchase zone at 5.75.
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