🔗 Chainlink (LINK) – Accumulating Before a Breakout?
📊 Trading Strategy
Scenario 1 – Open Long Position
• Reason to enter: Price breaks above resistance level $17.50 with strong trading volume, confirming an upward trend.
• Entry zone: $17.00 – $17.50
• Stop Loss (SL): $15.50 (Below the nearest support)
• Take Profit (TP): $19.50 – $22.00
• Probability of success: 70% (Based on technical signals and strong inflow)
Scenario 2 – Open Short Position
• Reason to enter: Price fails to hold above $17.50 and shows signs of a downward reversal.
• Entry zone: $17.50 – $18.00
• Stop Loss (SL): $18.50 (Above the nearest resistance)
• Take Profit (TP): $15.00 – $14.00
• Probability of success: 60% (Based on the potential for a correction after a strong rise)
Note: The market is in an exuberant state; tight risk management is required and technical signals should be closely monitored.
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🔗 Trading LINK
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