Will LINK be the alt that'll link us to the moon?
LINKUSDT
Loving what I’m seeing on LINK atm. There could potentially be a huge reversal coming after such a long bullish run.
We have hit a level of major resistance at LINKs ATH resulting in a double top. I can still see bullish momentum so I don’t feel the bulls are tired just yet, some large bodied green candles show me they’re still around and still fighting. I want to see them starting to get exhausted with smaller candles and a bearish engulfing.
The long wicks on some of the red candles at this area show me there is a fight going on to bring the price down but in this momentum, who will win is still undecided.
I’m not sure I would long if we were to break above residence as I wouldn’t have previous structure to guide me however, if we were to break support and retest, creating and LH followed by a LL, then I would definitely be opening up shorts to ride this baby down!
Take profit areas would be at previous structure around 4.5354, 4.332 and final at supply around 4.2. This would be a multiple take profit trade for me.
Loving what I’m seeing on LINK atm. There could potentially be a huge reversal coming after such a long bullish run.
We have hit a level of major resistance at LINKs ATH resulting in a double top. I can still see bullish momentum so I don’t feel the bulls are tired just yet, some large bodied green candles show me they’re still around and still fighting. I want to see them starting to get exhausted with smaller candles and a bearish engulfing.
The long wicks on some of the red candles at this area show me there is a fight going on to bring the price down but in this momentum, who will win is still undecided.
I’m not sure I would long if we were to break above residence as I wouldn’t have previous structure to guide me however, if we were to break support and retest, creating and LH followed by a LL, then I would definitely be opening up shorts to ride this baby down!
Take profit areas would be at previous structure around 4.5354, 4.332 and final at supply around 4.2. This would be a multiple take profit trade for me.