If this buyer support level breaks, I will start layering in just under .90 which is about a 6% drop from the support base. If the much larger .80 support is broken, panic selling will happen and I will layer in deeper. #QFLtrading #QFLstrategy #cryptotrading
Buyers defending the run up from 27s to low 30s as a new base forms on the LINK chart. I would start nibbling below this base, but the juicy buys won't occur until it goes below the larger base in the 27s. That is where I would start layering in heavily. But a nice little base break at the new base would be appreciated.
Last night the price bounced right off that strong base support, buyers fiercely supporting that level. If that level were to break, it would be game on for panic dropping and buying those panics. I don't foresee a drop like that to happen for a couple of days now since it bounced so nicely. Base confirmed. QFL Trading Strategy
So much support at 1730s, touched multiple times and bounces right back. Strong base, if it breaks, a nice panic into possible 1600s, where I will be buying.