🔥 LINK: Will It Finally Break Out Through 1 Year Resistance?

٢٧ يوليو ٢٠٢٣

Over the last year, LINK has been trading very stable between ~5.5$ and ~9$. With the price currently around 8$, it begs the question whether we're going to break out this time, after several failed break outs.

Statistically, there's a small probability that we will actually break out. Therefore I'm going to wait for a daily candle to close above 10$ to confirm the break out. Stop just below 9$.

Seeing that LINK has been trading sideways (read: accumulating) for nearly a year, one would think that there's an explosive move on the horizon.

If we won't break through the resistance, I'll be looking for a short-entry, will update this signal by then.