LINK - Strong Like A Castle 🏰
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
LINK has been stuck inside a big range for a couple of months now.
At least it hasn't melted like many altcoins during the bear run.
🏹 For the bulls to take over long-term, we need a break above the entire range / above 9.5
Meanwhile, since we are approaching the lower bound of the range, we will be looking for short-term buy setups.
📉 From a medium-term perspective, LINK is overall bullish trading inside the flat rising channel in red.
Moreover, the orange zone 6.5 is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the orange support and lower red trendline. (acting as non-horizontal support)
As per my trading style:
As LINK approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
LINK has been stuck inside a big range for a couple of months now.
At least it hasn't melted like many altcoins during the bear run.
🏹 For the bulls to take over long-term, we need a break above the entire range / above 9.5
Meanwhile, since we are approaching the lower bound of the range, we will be looking for short-term buy setups.
📉 From a medium-term perspective, LINK is overall bullish trading inside the flat rising channel in red.
Moreover, the orange zone 6.5 is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the orange support and lower red trendline. (acting as non-horizontal support)
As per my trading style:
As LINK approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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