Linkusdtsell
LINK target 7.912h time frame
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LINK just broke the rising flag/wedge recently, this is a sign of turning weak. Retesting the flag bottom will be an entry to open short in future. Low-risk method is to find the top structure in lower time frame if LINK go to retest the flag. With this trading plan, we can have target at structural support around 7.9, deeper is 5.8.
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TP: 7.9 / 5.8
SL: 16.25
LINK bottom 51h / 1D time frame
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On the left chart, LINK get rejection from the resistance zone(10.7~12.3), and I think there is a possibility to create a Head and Shoulders structure.
On the right chart, top 9.45 and bottom 5.45 are a box range. LINK has already broke above the top resistance at 9.45 and start consolidating. This is might be a liquidation hunting, once LINK go below 9.45 again, a fake breakout will be confirmed.
TP: 5.5
SL: 11.9
LINKUSDT - intresting buying levelsPreconditions:
- big accumulation.
- drew interesting levels to buy.
- global trend up
- local trend up
trend break if the price goes below $12.
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.