🔍 Trade Idea:
This setup is based on the break of a 4H downtrend, aligning with key confluence factors:
1️⃣ A support level near a previous demand zone.
2️⃣ The VWAP median support acting as an additional confirmation.
📊 Key Levels:
• Entry: On a confirmed bounce at VWAP median support.
• Stop-Loss: Tight stop 21.15.
• Target: 2x the risk for a 1:2 RR.
🕵️ Analysis: Price action shows consolidation near support, indicating potential momentum shift. The downtrend break provides directional bias, with VWAP and support adding strength to the setup.
On a weekly level LINK has support on fib 0.382 retracement and the weekly support of 22.03. On HTF LINK is still bullish.
⚠️ Risk Management: Always use proper risk management and position sizing. This is a short-term trade idea and requires quick execution and monitoring.
**Disclaimer:**
This post is for educational and informational purposes only and does not constitute financial advice. Trading involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Always do your own research, consider your financial situation, and consult with a professional financial advisor before making any trading or investment decisions. I am not responsible for any losses incurred as a result of your trading or investment activities. Trade responsibly!
📊 Key Levels:
• Entry: On a confirmed bounce at VWAP median support.
• Stop-Loss: Tight stop 21.15.
• Target: 2x the risk for a 1:2 RR.
🕵️ Analysis: Price action shows consolidation near support, indicating potential momentum shift. The downtrend break provides directional bias, with VWAP and support adding strength to the setup.
On a weekly level LINK has support on fib 0.382 retracement and the weekly support of 22.03. On HTF LINK is still bullish.
⚠️ Risk Management: Always use proper risk management and position sizing. This is a short-term trade idea and requires quick execution and monitoring.
**Disclaimer:**
This post is for educational and informational purposes only and does not constitute financial advice. Trading involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Always do your own research, consider your financial situation, and consult with a professional financial advisor before making any trading or investment decisions. I am not responsible for any losses incurred as a result of your trading or investment activities. Trade responsibly!
Trade closed: stop reached
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.
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.