Chainlink (LINK) is currently trading around a major weekly support zone, which has acted as an important accumulation area in the past. 📊
📌 As long as this weekly support continues to hold, we will be looking for trend-following long setups, anticipating the next bullish leg to develop.
However, for the bulls to fully take control and kick off the next major impulse movement, a break above the last major high marked in blue is needed. Such a breakout would confirm renewed bullish momentum and increase the probability of a sustained move higher.
As always, rather than buying blindly into support or anticipating the breakout, we will wait for bullish confirmation before considering any long positions.
Will buyers defend this key weekly support and launch the next impulse, or will sellers keep the market trapped? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📌 As long as this weekly support continues to hold, we will be looking for trend-following long setups, anticipating the next bullish leg to develop.
However, for the bulls to fully take control and kick off the next major impulse movement, a break above the last major high marked in blue is needed. Such a breakout would confirm renewed bullish momentum and increase the probability of a sustained move higher.
As always, rather than buying blindly into support or anticipating the breakout, we will wait for bullish confirmation before considering any long positions.
Will buyers defend this key weekly support and launch the next impulse, or will sellers keep the market trapped? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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t.me/thesignalyst
Trusted Crypto Exchange
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Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.