LINK SHORT SIGNAL H4 Hello friends,
In the Link cryptocurrency, we have drawn a resistance level represented by the red line, which has been penetrated by a spike candle. This allows us to consider a short position on this currency.
I have identified two patterns for the continuation of Link's movement. The first one involves a pullback to higher areas, where liquidity exists. The second one occurs without a pullback, indicating a high selling pressure scenario.
I suggest paying attention to the specified ranges based on your trading setup.
My personal recommendation is to be patient until the trendline is touched.
I would be happy to hear your opinions.
Wishing you happiness, health, and success.