Hello, Traders!
LINK started a new market cycle and now it is going through a correction phase after the first growth phase.
The main zone of buyers' interest is in the range of $9.75-10.95
Entry in the trade can be made in two parts:
You can set SL under 8.38
The target price levels would be: $12.86 $14.31 $17.33 and in the case of a medium-term trade it is $19.70
Watch out for the market and good luck!
P.S. This is not a piece of financial advice but only a trade I would be following myself
LINK started a new market cycle and now it is going through a correction phase after the first growth phase.
The main zone of buyers' interest is in the range of $9.75-10.95
Entry in the trade can be made in two parts:
- near the Fibonacci correctional level of 0.618 - $10.74 in case the price enters the Buyers' Interest zone;
- near the Fibonacci correctional level of 0.786 - $9.20 if the price breaks below the Buyers' Interest Zone.
You can set SL under 8.38
The target price levels would be: $12.86 $14.31 $17.33 and in the case of a medium-term trade it is $19.70
Watch out for the market and good luck!
P.S. This is not a piece of financial advice but only a trade I would be following myself
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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.
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.