LINK bounced right off the $10 mark, charging upward toward the monthly open before slamming into resistance around $13.25. But now what?
Let’s break it down — because the next high-probability setup is taking shape, and it’s one you don’t want to miss.
The Current Situation:
LINK is:
We’re currently trading below the weekly open at $12.62, now sitting right on the Value Area Low (VAL) at $12.36. That puts us in a precarious spot and sets the stage for the next move.
Bearish, bearish, bearish. When bullish sir? Staying patient and waiting for a real shift in market structure is key.
The Bearish Play: Liquidity Grab Incoming?
There’s a liquidity pocket waiting below at $11.68, the most recent swing low. If LINK loses VAL and bearish pressure kicks in, this becomes the next logical target.
But here's where things get interesting...
The Bullish Setup: Confluence-Backed Long Opportunity
This isn’t just any random support zone — there’s a perfect confluence stack forming:
That’s four layers of support in one tight cluster. This is where we want to scale into longs.
The Play: Scaling In
The trend remains bearish but the chart is setting up a prime reversal zone. Patience is key here.
🔔 Set alerts. Watch for volume spikes. Look for SFPs or bullish engulfing candles etc.
The next move on LINK could offer one of the best swing setups especially since this trade could extend past the $15 mark, putting you ahead of the curve.
💬 Found this helpful? Drop a like and comment below. Want TA on another coin? Let me know and I’ll break it down for you.
Happy trading everyone! 💪
Let’s break it down — because the next high-probability setup is taking shape, and it’s one you don’t want to miss.
The Current Situation:
LINK is:
- Below the Point of Control (POC) of this trading range (~$11.35).
- Below the monthly open at $13.5.
- Still in a bearish trend on the 4H, showing lower highs.
- Facing decent rejection from the monthly level.
We’re currently trading below the weekly open at $12.62, now sitting right on the Value Area Low (VAL) at $12.36. That puts us in a precarious spot and sets the stage for the next move.
Bearish, bearish, bearish. When bullish sir? Staying patient and waiting for a real shift in market structure is key.
The Bearish Play: Liquidity Grab Incoming?
There’s a liquidity pocket waiting below at $11.68, the most recent swing low. If LINK loses VAL and bearish pressure kicks in, this becomes the next logical target.
But here's where things get interesting...
The Bullish Setup: Confluence-Backed Long Opportunity
This isn’t just any random support zone — there’s a perfect confluence stack forming:
- Swing low: $11.68
- Daily support level: $11.45
- Weekly support level: $11.28
- POC of trading range: ~$11.35
- 0.618 Fibonacci retracement lands in this zone as well
That’s four layers of support in one tight cluster. This is where we want to scale into longs.
The Play: Scaling In
- Entry: Ladder long positions from $11.68 down to the 0.786 fib (near $11.2)
- Stop Loss: Below $10.35 for invalidation
- Target: 0.786 fib retracement of the previous downward wave at ~$14.5
- R:R: Approx. 3:1, with a potential +30% gain
The trend remains bearish but the chart is setting up a prime reversal zone. Patience is key here.
🔔 Set alerts. Watch for volume spikes. Look for SFPs or bullish engulfing candles etc.
The next move on LINK could offer one of the best swing setups especially since this trade could extend past the $15 mark, putting you ahead of the curve.
💬 Found this helpful? Drop a like and comment below. Want TA on another coin? Let me know and I’ll break it down for you.
Happy trading everyone! 💪
Trade active
🔍 LINK Update
The previous setup played out nicely, even though price missed our ideal long entry. Now, LINK is pressing up against the critical $15 level, a key resistance bulls must flip to target the $16 swing high.
🟢 Long Setup #1:
If price retraces from here, the $14 zone is our area of interest.
Confluence factors:
- Daily Open at $14.13
- POC at $14.07
- Daily Level at $14.04
➤ Ideal for a bounce and continuation.
🔴 Short Setup:
If bulls break $15 cleanly and head toward $16, watch closely for weakness there.
$16 is a swing high and resistance zone, potential low risk short opportunity.
🟢 Long Setup #2:
The monthly open becomes a key level to watch on any future retrace - low risk, high R:R long opportunity.
Summary
🚀 Breakout above $15? Eyes on $16 for short opportunity.
🔁 Retrace to $14 zone? Great long opportunity.
🧲 Monthly open? Cleanest long setup. Low risk long opportunity.
Let the chart guide you. Stay sharp and patient my friends.
🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
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🔹 Sharing high-probability trade setups
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.