ChainLink is currently within an ABC correction. We are approaching 2 areas of interest where we will be looking to buy and HODL.
First area: $14
We previously reacted to that level and bounced off strongly. We could potentially create a local double bottom and then move higher from there,
Second area: $8
Price reacted numerous time to that level. We also have the correction support there which is an added confluence.
Trade Idea:
- Watch for bullish price action at one of the 2 levels mentioned
- When entered, keep SL below the price where price bounced from
- Target the recent highs as first target and HODL the rest as we may see the next big bull run
Remember to place your alerts on both areas!
Goodluck!
First area: $14
We previously reacted to that level and bounced off strongly. We could potentially create a local double bottom and then move higher from there,
Second area: $8
Price reacted numerous time to that level. We also have the correction support there which is an added confluence.
Trade Idea:
- Watch for bullish price action at one of the 2 levels mentioned
- When entered, keep SL below the price where price bounced from
- Target the recent highs as first target and HODL the rest as we may see the next big bull run
Remember to place your alerts on both areas!
Goodluck!