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ChainLink / TetherUS PERPETUAL CONTRACT

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LINKUSDT.P trade ideas

LINK Looks Short Term Bearish!!!After breaking the previous weeks lows, the chances of us tapping the support again before a move up has increased. Yellow arrows mark my areas of interest for a short & a long trade. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
LINK Facing Crucial Resistance (Again)After initiating a promising uptrend at the beginning of July, Chainlink (LINK) is once again facing its crucial resistance at $13. Already at the beginning of July, LINK dipped below this level after having traded above since November 2023 (except for a short dip in Jan). Based on the chart, this is one of the most essential areas for LINK. A dip below that isn't followed by a quick reconquer can initiate more downside potential and bring the $10 level back into the game. However, the short-term outlook is mainly bearish (see 2nd attachment). LINK dipped below the Ichimoku cloud, printed a bearish cross, and the future cloud sends bearish signals. Let's hope LINK can invalidate the signs and bounce quickly. Nevertheless, I wouldn't bet on this for the moment.
Short
by ben_walther
Trade Setup: LINK Long Spot PositionMarket Context: LINK has retraced down to the next area of support, providing a potential entry point for a long spot trade. Trade Parameters: Entry: Ladder into a long spot trade in the $13.00 - $13.50 area of support. Take Profit: First target: $14.50 - $15.30 Second target: $16.25 - $17.00 Stop Loss: Set just below $12.30 📊 Monitor the price action closely for signs of support holding and ensure to adjust the setup based on market conditions to maximize the potential upside while minimizing risk. #LINK #CryptoTrading #TradeSetup 🎯
Long
by Richtv_official
LINK ANALYSIS (1D)LINK has formed a bearish pool at the bottom of the chart after CH. Also, the LINK structure is quite bearish for now We expect deeper drops from LINK. If POI is reached, we can look for buy/long Closing a daily candle below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
LINK/USDT June - 2024LINKUSDT might be forming a seven-month-long Head & Shoulders (H&S) top, with the horizontal neckline providing support at the $13 level. A breakdown below $13, especially with a long black weekly candle, would confirm the H&S pattern. Experienced traders can consider shorting LINKUSDT once it drops below $13, targeting the next two support areas. Alternatively, we can wait for the price to reach the $8 to $9 range for a strong buy opportunity. -----------Disclaimer -------------------- This is not financial advice. Please do your own research and consider your risk tolerance before making any investment decisions. It's crucial to manage your funds wisely. If the market loses the main support area, especially on the weekly chart, be prepared to exit your positions. However, stay alert for potential shakeouts - temporary drops that regain support—which can provide opportunities to re-enter the market. Remember, the strategy for taking profit isn't about hitting an exact number. Instead, we focus on areas of possible resistance or support. As we approach these areas, we move our stop-loss orders higher, allowing us to follow the price action toward higher targets. This method helps secure profits as the rally progresses. Always have a plan for both entry and exit points. By adhering to these strategies, we aim to optimize our trading outcomes and secure massive profits. Successful trading involves understanding the rules and executing them with discipline. Stay focused, manage your risks, and be ready to capitalize on market opportunities. Happy trading!
by Seahawks_
LINK Update — Positive Signs, Yet It Needs To Break $16Chainlink (LINK) recently broke out of a downtrend that started at the end of May. However, so far, the token hasn't followed through on the positive momentum. Conversely, despite the outbreak, LINK still trades below the EMA200 and has a crucial resistance of $16. The bulls need to break through both of those lines to initiate a strong upward move. Otherwise, a retest of $13 becomes likely. Regarding a trade setup, I would avoid long trades before LINK is back above the 16-mark and the EMA200.
by ben_walther
Chainlink Crypto Price Woes: Key Indicators and StrategiesThe 4-hour chart for BINANCE:LINKUSDT reveals interesting insights into its recent movements and potential future direction. Over the past few sessions, the LINK price has shown a slight downward trend, closing at $13.486 in the latest session, down from a recent high of $13.644. This decline comes despite attempts to break through resistance levels at $13.559 and $13.69, suggesting a struggle to maintain upward momentum. Examining the Exponential Moving Averages (EMAs), the 9 EMA is currently at $13.663, and the 20 EMA is slightly higher at $13.755. The fact that both EMAs are above the closing prices indicates bearish momentum. This is further supported by the MACD, which has shown a series of declining values, with the latest histogram reading at -0.095, reflecting bearish sentiment. The MACD line crossing below the signal line confirms this bearish trend. Meanwhile, the Relative Strength Index (RSI) has been hovering around the mid-40s, with a recent reading of 41.91. This suggests that the Chainlink crypto is neither overbought nor oversold, but it is leaning towards bearish territory. An RSI below 50 typically indicates bearish momentum, aligning with the observations from the EMAs and MACD. For potential movements, the LINK price must decisively break through the resistance levels at $13.559 and $13.69 to establish a bullish trend. Failure to do so may lead to further declines towards the support levels at $13.306 and $13.03, with a significant support level at $12.963. If LINK falls below $13.306, traders should watch for signs of stabilization around $13.03 to consider potential long entry points. For short trades, entering around the resistance level of $13.559 with a stop loss slightly above $13.69 could be a viable strategy, aiming to exit near the support levels. Conversely, for long trades, waiting for a clear breakout above $13.69 could offer a safer entry point, with targets set at subsequent resistance levels. Overall, the technical indicators for LINK suggest a bearish outlook in the short term. Traders should exercise caution and monitor key resistance and support levels closely. Whether engaging in long or short trades, setting appropriate stop losses and taking profit at critical levels will be essential for managing risk effectively.
by Ecoinimist
Chainlink Targets $25After a long accumulation phase, we are again backtesting the last major support where we saw previous buyers step in. There's a higher probability we increase in price from here and target the 0.618 & weekly level above. A sweep of the lows before a move up is also possible. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
Consolidation is over, breakout next. - LINK/USDT#LINK/USDT #Analysis Description --------------------------------------------------------------- + Link Price has consolidated nicely in the past and now it formed a triangle pattern + Breakout from this triangle pattern will pump the price upwards and we have a good potential for trade --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 13.9 Stop Loss: 9.9 ------------------------------ Target 1:17 Target 2: 22 Target 3: 34 Target 4: 42 Target 5: 52 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
1
LINK — Time To ShineChainlink crashed through the crucial long-term support level at $13 during the latest correction. This level has served as support since November 2023. Fortunately, LINK reconquered the level after a few days and rallied ~15% until it got rejected at $14.5. Moreover, the token managed to break out of its short-term downtrend from its local high at the end of May. However, to create a stronger bullish momentum, LINK has to follow through and clear the following levels: 1️⃣ EMA200: This important indicator is currently located at ~$15 and represents the first level to break. 2️⃣ Afterward, LINK has to tackle the resistance at $16. This might be much harder compared to the EMA200. 3️⃣ Making a higher high, which results in a level above $18.8
by ben_walther