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LINKUSDT
💡Market Analysis:
The long-term trendline has recently broken, signaling a potential setup for a major initial bullish rally. However, price may first experience a pullback to the lower boundary of the current trading range before starting its upward expansion.
Key Support & Resistance:
🎯 Trade Entry & Exit Plan:
⚠️Risk Management:
Maximum 1% risk per trade.
❤️Please share your thoughts and comments on this analysis!
LINKUSDT💡Market Analysis:
The long-term trendline has recently broken, signaling a potential setup for a major initial bullish rally. However, price may first experience a pullback to the lower boundary of the current trading range before starting its upward expansion.
Key Support & Resistance:
Key Resistance: 9.300 - 11.500
Key Support Area: 7.000 - 7.500
🎯 Trade Entry & Exit Plan:
- Entry: Reaction/Pullback to key support zone following the trendline break, confirmed by strong candle body (>80%).
- Stop Loss: Behind the last wave or the strong breakout candle.
- Take Profit: Minimum R:R 2, targeting major horizontal resistance levels (9.300 & 11.500).
⚠️Risk Management:
Maximum 1% risk per trade.
❤️Please share your thoughts and comments on this analysis!
Trade active
Trade closed: target reached
Note
Come to big target
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.