LINK $27 Setup - Trade when others are in fear
Updated
Crypto got a 10% slap over the last hours and altcoins like 
LINKUSDT are currently giving setups for both, long and short. As for now LINK holding above the $22.50 support zone means we're still in play for a long move up to $27 which would result in 15% return. If we brake that support we should wait for a short confirmation and enter a short trade to the nearest support zone at $21. Don't forget that the US100 is currently on the upper side of a broader wedge and could consolidate further until New Years Eve. This would also drag down crypto further. But as long as the support holds, I'm long.
Support Zones
Resistance Zone
Let me know what you think.
LINKUSDT are currently giving setups for both, long and short. As for now LINK holding above the $22.50 support zone means we're still in play for a long move up to $27 which would result in 15% return. If we brake that support we should wait for a short confirmation and enter a short trade to the nearest support zone at $21. Don't forget that the US100 is currently on the upper side of a broader wedge and could consolidate further until New Years Eve. This would also drag down crypto further. But as long as the support holds, I'm long.Support Zones
- $22.50
- $21.00
Resistance Zone
- $27.00
Let me know what you think.
Trade closed: target reached
As we can see, the short setup was the one that played out in the end. Now, we can evaluate the situation again. Overall market sentiment and the fact that the US100 could see a leg down suggest LINK could break further down.
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