LINK is showing a potential trend reversal after breaking its major descending trendline.
Price has also retested the previous resistance zone, which is now turning into support.
📌 What I'm Seeing
Strong bullish push from the recent lows
Break above the downtrend line (possible trend reversal)
Price retesting the grey resistance zone, holding as support
Higher-lows on the trendline showing buyers are in control
📈 Trade Plan
Entry: After retest of support (current zone)
Stop Loss: Below the grey zone + below the structure low
Target: The next major resistance around $14.98
This gives a clean Risk-to-Reward setup with structure-based stop and clear target.
🎯 Why This Setup Works
Trendline breakout = first sign of reversal
Retest confirmation shows buyers stepping back in
Market structure is shifting from lower-lows → higher-lows
Clean liquidity zone above, giving bulls room to push
⚠️ Risk Note
Wait for a clean bullish candle before entering.
Crypto is volatile — use proper risk management.
Price has also retested the previous resistance zone, which is now turning into support.
📌 What I'm Seeing
Strong bullish push from the recent lows
Break above the downtrend line (possible trend reversal)
Price retesting the grey resistance zone, holding as support
Higher-lows on the trendline showing buyers are in control
📈 Trade Plan
Entry: After retest of support (current zone)
Stop Loss: Below the grey zone + below the structure low
Target: The next major resistance around $14.98
This gives a clean Risk-to-Reward setup with structure-based stop and clear target.
🎯 Why This Setup Works
Trendline breakout = first sign of reversal
Retest confirmation shows buyers stepping back in
Market structure is shifting from lower-lows → higher-lows
Clean liquidity zone above, giving bulls room to push
⚠️ Risk Note
Wait for a clean bullish candle before entering.
Crypto is volatile — use proper risk management.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.