LINK/USDT Setup: Structure Break + Fibonacci Confluence

May 5

🚨 Market Watch: LINK/USDT Analysis 🚨

I'm currently keeping a close eye on LINK/USDT. 🧠 On the daily chart, we've observed a clear break in market structure 📉—and dropping down to the 4H timeframe, we see further confirmation of that shift.

At this point, price is looking a bit overextended 🏃‍♂️💨, and I’m anticipating a retracement back into equilibrium based on the current price swing 📊. This could set up a high-probability short opportunity 🎯.

📹 In the video, I dive into:

Overall trend direction 🔁
Market structure shifts 📐
Price action breakdown 🕵️‍♂️
And key support/resistance levels to monitor for target zones 🧱

My stop loss would be positioned just above entry, using around 2x ATR for smart risk control

🛡️. As for targets, we could see moves as wide as 6x ATR—but it's crucial to reference the left side of the chart for confluence 📅📈.

I’m aligning this setup with my Fibonacci retracement strategy, which we also covered in the video 🔢📏.

This is not financial advice. Always trade your own plan. ⚠️📉💼

May 5

Trade active

If you took this entry on the retrace as mentioned in the video, you could take partial profits, and move your loss to breakeven