OBSERVATIONS:
1. Price Movement: LINK is trading at $24.34, up by 26.70% in the last 24 hours.
2. 24H High/Low: The range is $18.84â$26.90, indicating significant volatility.
3. Indicators:
Moving Averages (MA): MA(5), MA(10), and MA(60) are shown.
MACD: Indicates a neutral to weak bullish signal (MACD = 0.00, DIF slightly above DEA).
Volume: Increasing volume signals strong market interest, especially during upward moves.
STRATEGY:
1. Long Trade Setup (Bullish Scenario):
Entry Point: Enter if price breaks above $24.50 with strong volume confirmation.
Stop Loss: Place a stop loss at $23.50 to limit downside risk.
Take Profit: Set TP1 at $25.80 (minor resistance) and TP2 at $27.00 (24H high).
Confirmation: Look for the MACD histogram turning positive and MA(5) crossing above MA(10).
2. Short Trade Setup (Bearish Scenario):
Entry Point: Enter if price breaks below $24.00 with declining volume.
Stop Loss: Set a stop loss at $24.70.
Take Profit: TP1 at $22.50 (support zone), TP2 at $21.00.
Confirmation: Ensure MACD turns negative and volume fades.
Contingency Plans (If Trades Go Against You):
Plan A: Tighten stop losses if volatility spikes unexpectedly.
Plan B: Monitor for sudden divergence in MACD or volume, signaling trend reversal.
Plan C: Use trailing stop-losses to lock in profits if the trend extends favorably.
Plan D: Exit entirely if price consolidates without clear direction near the entry point.
Would you like me to refine the analysis further or focus on another timeframe?
(IF YOU LIKE THE ARTICLE LEAVE YOUR COMMENT & PLEASE FOLLOW ME FOR MORE NEW ARTICLES đ đ„ đ„ đ„)
Thanks đ