$LINK /USDT (Chainlink) on Binance, possibly a Head and Shoulders breakout setup, combined with support/resistance zones.
Here’s a clear breakdown based on your notes:
🧠 Pattern in Focus: Head and Shoulders
This pattern is common at trend reversals. You mentioned:
Left Shoulder / Head / Right Shoulder
Neckline Support
Consolidation above breakout
Invalidation on closing below 9.72 (likely a typo — possibly $13.20 or $12.92?)
🔎 Key Price Zones from Your Input
ZonePriceMeaningStrong Resistance~$19.72Major resistance zone — breakout target or upper limit of rangeModerate Resistance~$18.00–$19.00Prior highs or supply areaNeckline~$13.20Key breakout level of the Head & Shoulders patternStrong Support~$11.20–$12.40Demand zone — ideal for retests or dip buysInvalidation ZoneBelow ~$9.72If price closes below, the bullish pattern is invalidatedMajor Support~$10.00–$11.00Historically respected levelExtreme Support~$3.50Very low — likely March 2020 or capitulation level reference
🧭 Trade Scenarios for LINK/USDT
1. Breakout Continuation (Bullish Bias)
Entry: On pullback to neckline ($13.20) if confirmed support
TPs: $18.00 / $19.72
SL: Close below $12.40 or $11.20
2. Rejection & Reversal (Bearish Bias)
Watch for failure to hold above $13.20
A break and close below $11.20 might retest $10.00 or even $9.72
🔧 Suggestions
Would you like:
A spot grid strategy between key zones (e.g., $13.20–$18.00)?
A simple DCA plan using support levels?
Or a visual chart of the Head and Shoulders pattern?
Let me know how you'd like to move forward.
#BinanceAirdropNXPC #CryptoRoundTableRemarks #BinanceAlphaAlert #Write2Earrn #link