$LINK 🔥 🔥BREAKOUT INCOMING 🔥 🔥
📈 Chart Pattern Analysis
🔹 Pattern Identified:
Ascending Triangle (Bullish Continuation) forming between $13.90 (base support) and $14.70 (resistance zone). Volume decreasing slightly inside the triangle, indicating a potential breakout ahead.
🔹 Key Support and Resistance Levels:
Support Zones:
$13.90 – Horizontal support (triple tested)
$13.30 – Major psychological and Fibonacci 0.618 level
Resistance Zones:
$14.70 – Breakout trigger zone
$15.25 – Next resistance after breakout
$16.80 – 3-month high
🔹 Indicators:
RSI: 57 (Neutral-bullish zone; not overbought)
MACD: Bullish crossover forming
50 EMA: Just crossed above the 200 EMA → Golden Cross (long-term bullish)
Bollinger Bands: Squeeze forming — volatility expansion expected
📊 Authentic Trading Strategy
✅ Breakout Trade Strategy:
Buy Zone (Breakout): On a confirmed candle close above $14.70
Targets:
TP1: $15.25
TP2: $16.00
TP3: $16.80
Stop-Loss: $13.80 (below triangle support and 50 EMA)
⚙️ Pullback Buy Strategy:
Buy Zone: $13.90 – $14.10 (on pullback to triangle support)
Targets: Same as above
SL: $13.30 (below long-term trendline support)
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📢 Disclaimer
This analysis is for educational purposes only and not financial advice. Cryptocurrency trading involves high risk. Always DYOR (Do Your Own Research), use risk management tools, and invest only what you can afford to lose.