๐ LINK Long Spot Trade Analysis ๐
Trade Overview:
After a significant upward move, LINK is now consolidating at a support level, presenting a potential opportunity for a long spot trade.
Trade Technical Details:
Entry: Ladder into a long spot trade in the $16.00 - $16.75 support area.
Take Profit:
First target: $18.60 - $19.60
Next resistance: $21.50 - $22.50
Stop-Loss: Set just below $15.50 to manage risk and protect against potential downside.
Trade Execution:
Monitor Entry Range: Ensure the price remains within the $16.00 - $16.75 range for entry.
Set Take Profit Levels: Prepare to take partial profits at the first target and the next resistance level.
Implement Stop-Loss: Place the stop-loss below $15.50 to safeguard the position.
๐ Stay vigilant and adjust the trade plan based on market conditions. #LINKTrading #CryptoAnalysis #SpotTrade ๐๐
After a significant upward move, LINK is now consolidating at a support level, presenting a potential opportunity for a long spot trade.
Trade Technical Details:
Entry: Ladder into a long spot trade in the $16.00 - $16.75 support area.
Take Profit:
First target: $18.60 - $19.60
Next resistance: $21.50 - $22.50
Stop-Loss: Set just below $15.50 to manage risk and protect against potential downside.
Trade Execution:
Monitor Entry Range: Ensure the price remains within the $16.00 - $16.75 range for entry.
Set Take Profit Levels: Prepare to take partial profits at the first target and the next resistance level.
Implement Stop-Loss: Place the stop-loss below $15.50 to safeguard the position.
๐ Stay vigilant and adjust the trade plan based on market conditions. #LINKTrading #CryptoAnalysis #SpotTrade ๐๐
