✳️ChainLink/USDT (18/11) #LINK $LINK
Currently LINK is in a quite sensitive area and it is easy to make mistakes.
The 12.5-13$ zone is an important support zone that LINK needs nearly 3 months to break. The 14.5-15$ zone is the last resistance zone LINK needs to break to sharply rally to 19$
📈BUY- LONG
-Buy: 12.5-13$, stoploss if B
📉SELL-SHORT
-Sell: 14.5-15$, stoploss if A
-Sell: 18.5-19$, stoploss if A
♻️BACK-UP
-Sell close to 12.5-13$ if B, stoploss if A
-Buy: 11-11.5$, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
LINKUSDTPERP
LINKUSDT POSISBLE SCENARIOON 1D CHART I SEE AN UPTREND , I HAVE 3 HH AND 3 HL, IN THIS MOMENT I THINK I CAN GO WITH NEXT IMPULSE MOVE.
I HAVE A 4H CHART ENTRY BASED ON A HAMMER CANDLE AT THE BOTTOM OF THE CORRECTION (AT LEAST I THINK SO, A TRADER WORK'S WITH PROBABILITIES), CLOSED ABOVE SUPORT AND ABOVE TREND LINE .
WITH ALL THIS INFO I DECIDED TO TAKE A LONG POSITION, WITH A 1:4 RR AND I PLACED MY STOP LOSS UNDER SUPORT AND UNDER TREND LINE SO PRICE CAN BREED :)
I THINK I HAVE 2 KEY AREAS THAT WILL HOLD PRICE IN AN UP DIRECTION AT LEAST UNTILL THE NEXT SRESISTANCE MARKED WITH RED DOTTED LINE.
NOT FINANCIAL ADVICE , JUST MY OPINION.
LET THE SHOW BEGIN ;)
Link 2.5% gain in short time
Looking at 2.5% gain if the price wont brake below 11.04 range, then we have confirmation of 4th wave end and starting 5th
target for the 5th wave 11.401 but i would suggest take half of profit on 11.342 just be safe
after 5th wave down we will expect coming down wave A on bigger picture wave 2 which over couple days could possible retrace to 10.9 range.
will keep you updated
LINKPERP LEVELS IM INTERESTED INThe chart shows the levels(shown by purple lines) and the areas(shown in red and green rectangles) that Im interested in for LINKUSDTPERP.
I am already long from 13.5, thinking we go to 15.2 and test it, and see if we go higher or if we get rejected but I do think we have a shot at 17 from here.