Based on your provided LINK/USDT chart (1D timeframe), letโs break down a potential trade setup with:
Stop Loss
Target(s)
Risk-Reward Ratio
Trade Logic
Profit Probability Estimate
---
๐น Current Price: $19.54
๐น Recent High: $20.28
๐น Recent Low: $15.67
๐น 24h High/Low: $19.92 / $17.87
---
๐ Technical Analysis
โ Trend & Structure:
Strong bullish reversal after correction from $20.28 to ~$15.67.
Breakout above local resistance near $17.87 confirms bullish continuation.
Price is forming higher lows and higher highs โ uptrend confirmed.
โ Indicators:
MACD: Histogram is turning green, MACD line approaching bullish crossover.
STOCH RSI: Rebounding from oversold, currently around 57 โ bullish momentum building.
---
โ Trade Setup
๐ข Entry:
Current Price โ $19.54
---
๐ด Stop Loss (SL):
Below recent swing low and key support zone:
> Stop Loss = $17.80
Risk = $1.74 per token
(Placing SL slightly below 24h low to account for volatility)
---
๐ข Targets (TP):
๐ฏ Target 1 (Conservative):
Retest of previous high
> TP1 = $20.28
Reward = $0.74
Risk:Reward = 0.43:1 โ (not ideal alone)
๐ฏ Target 2 (Primary):
Fibonacci Extension 1.272 of last leg
> TP2 = $21.80
Reward = $2.26
Risk:Reward = 1.3:1 โ (decent setup)
๐ฏ Target 3 (Aggressive):
Fibonacci Extension 1.618
> TP3 = $23.00
Reward = $3.46
Risk:Reward = 2.0:1 โ (ideal swing)
---
๐ง Trade Logic:
Strong bullish candle with increasing volume indicates breakout momentum.
Indicators (MACD, Stoch RSI) are turning up โ momentum shift toward bulls.
Chart structure supports end of correction and start of new impulse wave.
Risk is well-defined at swing low ($17.80).
---
๐ Profit Probability Estimate:
Factor Evaluation
Trend Bullish โ๏ธ
Structure Higher Highs & Lows โ๏ธ
Indicators Bullish MACD + RSI โ๏ธ
Volume Increasing โ๏ธ
Risk/Reward Acceptable on TP2 & TP3 โ๏ธ
> Estimated Probability of Hitting TP2: 65โ70%
Estimated Probability of Hitting TP3: 50โ55%
Risk of Hitting Stop Loss: 30โ35%
---
โ Suggested Strategy:
Buy at market (around $19.54)
Set SL at $17.80
Set TP1 at $20.28 โ Partial profit (~25%)
Set TP2 at $21.80 โ Main profit (~50%)
Set TP3 at $23.00 โ Final trail stop or exit