Link has been bound to this range for a about a year, the market does not want to entertain price out of this range yet. The recent deviation below, and the strong rejections from range highs give creedence to using these levels to set positions.
Bottom 1/4 is great as a DCA long term strategy, even if it keeps dipping the trigger to sell spot is a break of lows, where you may catch new lows.
Short term the order block on the last big sell off has been raided, a short towards range lows looks good, I'll be putting my stop above the OB.
Or as price approaches range mid, zoom in and look to either long or short depending on context. Get above>consolidate>wick retest> entry> stop/invalidation is acceptance back below mid. Vice versa for shorts.
Maximum risk/reward sits at the range lows, you can long the hell out of it here with real tight stops as invalidation is acceptance below the range lows. Obviously if it breaks down short it.
Bottom 1/4 is great as a DCA long term strategy, even if it keeps dipping the trigger to sell spot is a break of lows, where you may catch new lows.
Short term the order block on the last big sell off has been raided, a short towards range lows looks good, I'll be putting my stop above the OB.
Or as price approaches range mid, zoom in and look to either long or short depending on context. Get above>consolidate>wick retest> entry> stop/invalidation is acceptance back below mid. Vice versa for shorts.
Maximum risk/reward sits at the range lows, you can long the hell out of it here with real tight stops as invalidation is acceptance below the range lows. Obviously if it breaks down short it.