LINK - Ranges overview (update)We are looking back into our LINK idea. The weekly close will be interesting as it may confirm our overall bearish sentiment. LINK still seems heavy in my opinion and IF it decides to drop I expect it to be hard and without a lot of opportunities to enter.
As always we will WAIT FOR PA TO CONFIRM THE PLAN AND EXECUTE ACCORDINGLY
IF we confirm a break down and back into the range we will most likely have a nice run back to 6.50$ and 6$
IF we reclaim the blue box (with BTC pushing higher) we will most likely have to wait.
Entry below 7.400$
TP 6.50$
TP 6$
SL above 8$
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.