LINKUSDT.3L trade ideas
LINKUSDT.PHello Trader BINANCE:LINKUSDT.P
the link market is experiencing a consolidation area, but looking at the small time frame 30 minute to 2 hour area there is a critical area that could be a potential area to take short positions.
-the upper green dot is a small supply area
-the lower green dot is daily support
take profit 15%
stop loss 3.5%
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Disclamer: Not Financial Advice
Long trade Pair: LINKUSDT
28th March 24
15min TF
18.30pm
Entry 9.963
Profit level 9.963
Stop level 19.024
Comments:
Currently, 35% of active LINK addresses are in a profitable position, with an additional 60% sitting at the break-even point. This effectively means that approximately 95% of LINK holders are not facing any losses from their current holdings, creating a robust foundation for market confidence.
Chanlink(LINK): Looking For Rejection Near ResistanceChainlink has broken EMAs with a strong burst, which seems like good momentum to touch that upper resistance zone.
From there on, we are going to see a nice rejection and a potential movement towards EMAs as a re-test, but we might also see a cup and handle pattern, so eyes open!
Swallow Team