PINUSDT trade ideas
Trading Update on PinLink (PINUSDT) by Lord MEDZGreat Things. Great Minds.
Fellow traders, PinLink is showing a textbook Wyckoff Accumulation on the 4-hour chart, with a potential breakout on the horizon. Let’s break it down:
Current Setup
Spring Confirmed:
PINUSDT has completed its Spring phase, bouncing from the lows at $1.88-$2.00 USD, showing strong buyer interest.
Accumulation Range:
The yellow zone highlights a prolonged accumulation period, with price action testing support and resistance levels.
SC (Selling Climax): Buyers defended lower levels.
ST (Secondary Test): Reaffirmed the strength of support.
SOS (Sign of Strength): Early bullish signals emerged, and the breakout is now building momentum.
Key Level to Watch:
Reclaiming $3.00 USD will confirm strength and set the stage for a breakout towards higher targets.
Targets
Short-term Resistance:
$3.00 USD: Major range resistance; flipping this level is crucial.
Primary Target:
$6.16 USD (+342%) aligns with the measured move from the accumulation range.
All-time High Zone:
$7.91-$7.96 USD: A long-term target if bullish momentum sustains.
Risk-Reward
Stop Loss: Placed below $1.88 (Spring low) to manage downside risk.
Risk-Reward Ratio: A favorable 13.79x, making this setup highly lucrative for disciplined traders.
The Vision of Lord MEDZ
“In accumulation, the wise prepare. The spring signals the brave. When strength returns, greatness is inevitable. Let the market rise to meet us.”
PinLink has laid the foundation. Now, we wait for confirmation and follow the momentum to $6.16 and beyond. Stay vigilant.
PIN will be a runner on EthereumI added PIN a few weeks ago after watching it for a while and my downside price target of 2$ hitting. Now that this is listed on another exchange its crazy to see how volatile it is. I will be adding more if we can more thoroughly dip into this demand zone I drew on the daily. A simple fib extension calls for a 3.4$ Pin in coming days/weeks if we continue bullishness. This market cap being so small calls for a huge run in my opinion and this token fits the hot narratives. If it can make it to a larger exchange its off to the races. Staking is now live and the team is constantly delivering updates.
