LINKUSDT Ready to Explode or Fakeout Incoming? Don’t Get Trapped
Yello, Paradisers! Is LINKUSDT finally gearing up for a strong breakout, or is another shakeout coming? Let’s break it down.
💎LINKUSDT has been looking good after completing a double zigzag corrective pattern. The price has also formed a descending channel with a bullish divergence, signaling potential upward momentum. On the lower timeframes, we can spot a developing W pattern, but for a confirmed breakout, we need to see: A clean breakout above resistance & A candle closing above resistance with strong volume.
💎If the market sees further retracement or panic selling, a bounce from the key support zone is likely. However, to increase our probability of success, we’ll be watching for bullish I-CHoCH, a confirmed W pattern, or an inverse head and shoulders on lower timeframes.
💎If LINKUSDT breaks down and closes candle below support, the bullish setup will be invalidated. In that case, waiting for a better price action setup will be the smart move.
🎖 Patience and discipline are what separate pros from amateurs. Stick to high-probability setups and wait for confirmation. That’s how we win long-term!
MyCryptoParadise
iFeel the success🌴
💎LINKUSDT has been looking good after completing a double zigzag corrective pattern. The price has also formed a descending channel with a bullish divergence, signaling potential upward momentum. On the lower timeframes, we can spot a developing W pattern, but for a confirmed breakout, we need to see: A clean breakout above resistance & A candle closing above resistance with strong volume.
💎If the market sees further retracement or panic selling, a bounce from the key support zone is likely. However, to increase our probability of success, we’ll be watching for bullish I-CHoCH, a confirmed W pattern, or an inverse head and shoulders on lower timeframes.
💎If LINKUSDT breaks down and closes candle below support, the bullish setup will be invalidated. In that case, waiting for a better price action setup will be the smart move.
🎖 Patience and discipline are what separate pros from amateurs. Stick to high-probability setups and wait for confirmation. That’s how we win long-term!
MyCryptoParadise
iFeel the success🌴
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.