๐The major resistance point of$LINK going out of the bearish zone today was at $7.2/ $$7.3. It took around an hour to finally break the first resistance zone and it did it before #BTC . I took a long position with low leverage and an entry point of $7.5. It it goes down, the grid will stop, of it goes up, it'll activate again.
The main aspects that I took into account in this kind of market:
-Search for resistance points and compare with bigger coins behavior .
-low leverage ( no more than 5x)
-Pre define entry market points or point, don't let the market define it for you, it's safer in the bearish zone .
-Tight SL.
-Bird eye view analysis ( if you analize minutes, hours, a day, it can look bearish, but if you analize a whole month, you might find that the graphic turns out bullish and also find a pattern,like today).
-You can also trade bearish ( I would use it more for spot trading, just my opinion).
- Don't trade big amounts.
๐พThis is not a signal! it's just my analysis on $LINK . Please do your DYOR on every trade signal you see before taking them, the market it's very volatile and people can make mistakes and loose big, even the more prepared ones and that's ok, those are the rules of the game.
๐Side note : I saw a lot of people blaming on others their losses, because the signal wasn't good, wasn't accurate ,etc. The things is, in the end the desition it's yours and only yours over your money . You have to go and do your own research of the market, even if you hold a minimum knowledge of chart reading can save you from loosing money in some cases.
Have a good traiding day!! ๐
