LINKUSDT trading strategy

For the last six months, the LINKUSD price has been in a broad consolidation range of $5.5 - $9.5.

Fundamentally speaking, Chainlink was always on top of the Oracle category and has been accumulating for quite a long time now.
In our opinion, LINK will continue to consolidate in the range of 5.5-9.5 in the short term; and it can go up to 12$ or $18 in the mid to long term.

Two trading strategies can be applied here:
1. Trade the Sideway:
Swing traders can enter a LONG position at its local support of $5.5- $6 and enter SHORT at its local resistance of $9. I myself have made a limit order of buying LINK at $5.5. Hopefully, it will get filled.

2. Trade the Breakout:
For more precise decisions, traders can wait for a confirmed breakout of either side to enter a trade. This strategy will bring less profit but can give you a better chance at winning.

Choose a strategy suitable to your preferences and stick with it. Remember, always trade at your own risk, and never risk more than you can afford to lose.