Friends, today we have an analysis on the coin $LINK
Right now we can see that the price is squeezed into a certain corridor, and from both the upper and lower parts of this corridor, we can pick positions for trading.
🟢LONG scenario: We see inefficiency on the daily chart (12.774-12.190). We have tested this zone twice
The first time we bounced back with about a 9% clean move. The second time the price approached the same price, forming double lows at 12.719, and we bounced back again with a 10.5% clean move.
👉 Breaking these two lows will act as liquidity for further movement. But this time we should potentially be ready for a complete filling of inefficiency, and only within those limits take a position.
🔴SHORT scenario: Here we will wait for the removal of local highs at 14.156 and most likely a complete filling of the same daily zone of inefficiency within (14.156~14.764). The position should be sought already from the removal, as in the case of the lower zone we saw how the price tested the zone twice and made a good move.
