LINK FUTURES 1H - INTRADAY TRADE OPPORTUNITY
Seeing price consolidation at the upper level of the downward trend line for LINK.
Wait for breakout direction and play it accordingly.
Priority seems to be down at the moment; key support was broken and volume hasn't been crazy on the bounce off current support. I expect a retest of current support at some point soon.
Stoch is bordering overbought, MACD is heading to a reversal potentially.
If it breaks down from the current lower support we have a couple more key support levels we can potentially take profit at.
If we get a breakout, watch how we play around the EMA's. If we can't get a decent breakout and hit EMA's as heavy resistance we'll surely be going down lower so a tighter TP at the EMA's is advisable on a long position.
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Wait for breakout direction and play it accordingly.
Priority seems to be down at the moment; key support was broken and volume hasn't been crazy on the bounce off current support. I expect a retest of current support at some point soon.
Stoch is bordering overbought, MACD is heading to a reversal potentially.
If it breaks down from the current lower support we have a couple more key support levels we can potentially take profit at.
If we get a breakout, watch how we play around the EMA's. If we can't get a decent breakout and hit EMA's as heavy resistance we'll surely be going down lower so a tighter TP at the EMA's is advisable on a long position.
--
I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
If you like my analysis, then leave a like and feel free to follow for more free content. If you don't like it, then leave like but do it with anger; I'll be able to tell the difference. Feedback, criticism and crude humor are welcome 🤙😁
Comment:
It's a short. TP 1 Hit
Comment:
Big bounce off the first TP stopped at EMA 100 AGAIN.
Bulls are trying but the backbone doesn't seem to be there anymore.
Bulls are trying but the backbone doesn't seem to be there anymore.
Come hang out with me on telegram, it's free and I won't be too mean too mean to you:
t.me/KadnimCrypto
t.me/KadnimCrypto
