In the realm of Elliott Wave Theory, the third wave is often the most pronounced and significant, marking a robust move that aligns with the primary market trend.
This phase comes after a period of consolidation in the second wave and is critical for traders, as it often yields considerable returns, with a need for careful trading navigation.
Observing BINANCE:LINKBTC chart on a weekly scale, which is ideal for long-term investment analysis, a noticeable pattern emerges: a cycle that repeats approximately every 149 weeks.
This pattern suggests that BINANCE:LINKBTC could be gearing up to enter a new third wave.
Entry Strategy: Consider initiating a position when the price reaches the ascending green trend line, which confirms the continuation of the uptrend. To manage risk effectively, place a stop loss slightly below the trend line. This will help safeguard your investment from any sudden shifts in market direction.
---------------- NFA DYOR ---------------- Best of luck!