RUNNING $LINK

Technical Analysis Summary:
📈 Chart Pattern & Structure:
You’re trading within a descending channel, with current price action near the lower boundary of the channel, suggesting a potential bullish reversal.

There is also an ascending trendline providing confluence and support near the recent low.

Price appears to have bounced from around $14.76, forming a possible higher low.

🔧 Fibonacci Retracement Levels:
You have drawn a Fibonacci retracement, and price is hovering between the 0.382 ($15.26) and 0.786 ($15.71) levels.

The 0.382 retracement appears to have acted as a strong support recently.

✅ Trade Setup Details:
Entry: Around $15.45 (current market price)

Stop Loss: Around $14.76 (just below recent swing low)

Targets (TP):

TP1: $16.259

TP2: $16.932

TP3: $17.355

Risk-to-Reward Ratio (approximate): Looks favorable (at least 3:1 or better depending on your TP)

🧠 Trade Logic:
You’re betting on a breakout from the descending channel or at least a move back to the upper resistance of the channel.

Multiple confluences like Fibonacci levels, support trendline, and previous price reactions support the long idea.

📌 Things to Watch:
Volume: Check for increasing buying volume to confirm momentum.

Bitcoin/Market Sentiment: Crypto pairs usually follow BTC; a drop in BTC could invalidate this setup.

Fakeouts: Watch for wicks near resistance; consider partial TPs or trailing SLs.

Would you like help writing a trade plan or managing risk for this setup?
$WCT #Write2Earn #link $LINK