LINKUSDT ! False breakout, consolidation below the level
547
LINKUSDT is trading in a range. After a false breakout of the range resistance, the price falls sharply to support. After the support, the price rolls back and falsely breaks through the local level 6.27. There is no momentum after the upward breakdown of this level, I wait for the price to go below the level and begin to form a consolidation.
I guess that linkusdt may continue to fall and break through all the nearest support levels if it manages to gain a foothold under the level of 6.27. Short term target is 4.90 support and medium term target is 3.90 liquidity zone
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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.