$LINK /USDT: Price drop controls - trailing stop loss to entry level for profit!
The price successfully followed our short setup, surpassing the strong resistance level at $16.49, and is heading towards our main targets. Trading is now approaching a risk-to-reward ratio of 1:1, providing us with an ideal opportunity to trail the stop loss at the entry level and secure our capital.
Trading Setup:
• Entry: $15.2
• New trailing stop loss level: $15.99 (near entry level to reduce risk)
• TP1: $14.92
• TP2: $14.53
Market Outlook:
Momentum indicates a continued decline as long as the price remains below $15.80. The downtrend is still active, and the price structure supports further declines should support levels break.
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