LINK SWING LONG OPPORTUNITY - ALTSEASON - Altcoin Market
LINK is one of the key blue-chip assets in the crypto market. It is a well-established and reliable project compared to many newer networks and assets, which is why I prefer trading LINK.
Technical Analysis:
The price reached the monthly demand during the August 4th dump, got rejected, and began climbing. Following this, it broke the daily and weekly bearish structure, shifting into bullish momentum. Finally, the price broke the bearish trendline responsible for the downtrend since March 2024.
The price now appears to be retracing into the weekly demand and potentially retesting the flipped bearish trendline. The weekly demand also aligns with the optimal trade entry (OTE) zone, adding extra confirmation for me.
I will look for LTF confirmations to initiate a trade within the marked entry zone.
SL: $9.2
TP1: $19.2
TP2: $22.8
Technical Analysis:
The price reached the monthly demand during the August 4th dump, got rejected, and began climbing. Following this, it broke the daily and weekly bearish structure, shifting into bullish momentum. Finally, the price broke the bearish trendline responsible for the downtrend since March 2024.
The price now appears to be retracing into the weekly demand and potentially retesting the flipped bearish trendline. The weekly demand also aligns with the optimal trade entry (OTE) zone, adding extra confirmation for me.
I will look for LTF confirmations to initiate a trade within the marked entry zone.
SL: $9.2
TP1: $19.2
TP2: $22.8
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