📊 Chainlink (LINK/USDT) – Falling Wedge Breakout in Progress

A clean falling wedge pattern has formed on the 1-hour chart, signaling a potential bullish continuation after the recent breakout attempt.

📐 Pattern Details:

Well-defined falling wedge with converging trendlines

Breakout occurring near the wedge apex — a strong signal

Volume gradually decreasing during the wedge, consistent with the pattern's behavior

📈 Trade Setup (From the Chart):

Entry Zone: $13.10 (Already tested)

Stop Loss: $12.72 (Below wedge support)

Target (TP): $13.53–$13.54 (Previous key resistance)

Risk/Reward Ratio: ~1:2.3 – high-probability setup

📊 Technical Indicators:

✅ MACD: Bullish crossover in progress

🟡 RSI (14): 52 – Neutral zone, room for upward move

🔍 Volume: Still low – needs breakout confirmation with higher volume

⚠️ Trade Notes:

For confirmation, look for a strong bullish candle above wedge resistance with volume.

Avoid entering if price falls back below $13.00 — could indicate a fakeout.

🚀 Summary:

Chainlink is showing a potential bullish breakout from a classic falling wedge. If confirmed, a move toward $13.50 is likely.

Stick to the plan, manage your risk, and wait for confirmation!

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