📊 Market Analysis: Following the Trend
🔍 Overview
In analyzing LINK, we observe the following:
1. 📈 Daily Resistance Point: A significant resistance level at $25.50.
2. 📊 Uptrend Movement: The market shows a clear uptrend on the short timeframes (4-hour, 6-hour charts), characterized by impulse and corrective waves.
3. ✅ Present Close: The recent close of the 4-hour or 6-hour chart suggests the possibility of another impulse wave, indicating a bullish continuation.
💡 Trading Plan
1. 🟢 Entry:
Consider entering at the current close, provided you assess the momentum and confirm the setup.
Alternatively, wait for confirmation if the current levels seem uncertain.
2. 🔒 Stop Loss:$22.93
3. 🎯 Take Profit: $25.50
4. ⚠️ Risk Management:
Trade with caution
Monitor price action closely for signs of reversal or weakening momentum.
🌟 Observations on Other Assets
Similar trending patterns can be observed in ZEC, BTC, ETH, and other assets.
📢 Stay Informed, Stay Ahead!
📤 Share this with your network.
👍 Like for more insights.
