LINK - Strong like a Castle!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Long-term, LINK has been overall bullish, trading within the rising wedge marked in blue.
🔻 Currently, it is in a correction phase, trading within the falling red channel.
📍 As it retests the lower bound of both the red and blue trendlines—perfectly intersecting with the green support—I will be looking for short-term longs.
🚀 For the bulls to take over long-term and initiate the next bullish phase, a breakout above the falling red channel is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich