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LINK 3x Long / Tether

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LINKUSDT.3L trade ideas

LINKUSDT - BULLISH OUTLOOKLINKUSDT is currently exhibiting a bullish divergence on the 4-hour (4H) timeframe, signaling a potential reversal in the prevailing downtrend. Additionally, the price has broken its lower high and formed a higher high, further supporting the bullish outlook. Based on this analysis, a trading plan can be formulated as follows: Entry: Consider entering a long position at the current market price of $19.03 to capitalize on the anticipated bullish reversal. Stop Loss (SL): Place a stop loss order at $17.49 to manage risk and limit potential losses in case of adverse price movements. Take Profit (TP): Set take-profit levels to achieve a 1:1 and 1:2 risk-reward ratio: TP1: Set the first take-profit level at $20.57 TP2: Aim for the second take-profit level at $22.11 This trading strategy anticipates a bullish reversal based on the observed bullish divergence and the breakout above the lower high level. However, as with any trading strategy, it's essential to monitor the market closely and adjust the plan according to evolving price action.
Long
by sunnytrader07
LINK up from here?In some respects LINK looks like it is heading down from the top of the channel and there are a lot of predictions for a correction. Initially I thought so too but now I'm not so sure. BTC is holding well at the top of its channel and could be consolidating for another move up, but even if it holds its current level that would work for an increase in alts. LINK is at support, has bullish divergences on the RSI on the 4h, 1h and 15m charts, and shows buying spikes on all of those timeframes. There has also been significant whale accumulation at this level. I think the ETFs have really changed the market and it just doesn't make sense to me that we have a further big correction from here. There was a bearish divergence at the top but there are short term bearish divergences all the way up every major bull run. I think this may now go up again, after the halving maybe a bit more of a correction until October/November time. Just an idea, not investment advice.
Long
by r681517
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