LINK - The Castle Is Still Strong 🏰 - Analysis #5/50

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

LINK has been stuck inside a big range for a couple of months now.

At least it hasn't melted like many altcoins during the bear run.

🏹 For the bulls to take over long-term, we still need a break above the entire range / above 9.5

Meanwhile, since we are approaching the lower bound of the range, we will be looking for short-term buy setups.

📉 LINK is now sitting around the orange support zone (6.5) so for the bulls to take over, we need a break above the last H4 high (in gray)

If we break below the orange support, then a movement till the green support (5.0) would be expected where we will be looking for new buy setups.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich