BINANCE:LINKUSDT Short idea
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12h time frame
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LINK just broke the rising flag/wedge recently, this is a sign of turning weak. Retesting the flag bottom will be an entry to open short in future. Low-risk method is to find the top structure in lower time frame if LINK go to retest the flag. With this trading plan, we can have target at structural support around 7.9, deeper is 5.8.
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TP: 7.9 /...
The coin has developed a promising "Triple Top Pattern" and is poised for a confirmed breakdown around the neckline area. Upon observing this breakdown, there is potential for considering a short position.
1h / 1D time frame
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On the left chart, LINK get rejection from the resistance zone(10.7~12.3), and I think there is a possibility to create a Head and Shoulders structure.
On the right chart, top 9.45 and bottom 5.45 are a box range. LINK has already broke above the top resistance at 9.45 and start consolidating. This is might be a liquidation hunting, once...
Hello traders. I expect the price to fall to the bottom of the downtrend channel after a price increase and the creation of a -HD. Be profitable. Are you agree?
Preconditions:
- big accumulation.
- drew interesting levels to buy.
- global trend up
- local trend up
trend break if the price goes below $12.
You will learn the best place where we can trade this instrument at low risk.
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LINKUSDT
Inside a bilateral pattern;
If it breaks downside we can see a 10% dump soon. (RSI and Volume signals weakness in the bullish momentum thus more chances of break downside)
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