LINK is showing a potential trend reversal after breaking its major descending trendline.
Price has also retested the previous resistance zone, which is now turning into support.
📌 What I'm Seeing
Strong bullish push from the recent lows
Break above the downtrend line (possible trend reversal)
Price retesting the grey resistance zone, holding as support
Higher-lows on the trendline showing buyers are in control
📈 Trade Plan
Entry: After retest of support (current zone)
Stop Loss: Below the grey zone + below the structure low
Target: The next major resistance around $14.98
This gives a clean Risk-to-Reward setup with structure-based stop and clear target.
🎯 Why This Setup Works
Trendline breakout = first sign of reversal
Retest confirmation shows buyers stepping back in
Market structure is shifting from lower-lows → higher-lows
Clean liquidity zone above, giving bulls room to push
⚠️ Risk Note
Wait for a clean bullish candle before entering.
Crypto is volatile — use proper risk management.
Price has also retested the previous resistance zone, which is now turning into support.
📌 What I'm Seeing
Strong bullish push from the recent lows
Break above the downtrend line (possible trend reversal)
Price retesting the grey resistance zone, holding as support
Higher-lows on the trendline showing buyers are in control
📈 Trade Plan
Entry: After retest of support (current zone)
Stop Loss: Below the grey zone + below the structure low
Target: The next major resistance around $14.98
This gives a clean Risk-to-Reward setup with structure-based stop and clear target.
🎯 Why This Setup Works
Trendline breakout = first sign of reversal
Retest confirmation shows buyers stepping back in
Market structure is shifting from lower-lows → higher-lows
Clean liquidity zone above, giving bulls room to push
⚠️ Risk Note
Wait for a clean bullish candle before entering.
Crypto is volatile — use proper risk management.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.