Hello everyone, let's look at the 4H LINK to USDT chart as we can see that the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can include:
T1 = $16.14
T2 = $17.38
T3 = $18.75
T4 = $20.54
AND
T5 = $22.88
Now let's move on to the stop-loss in case of further market declines:
SL1 = $14.39
SL2 = $13.34
SL3 = $11.79
AND
SL4 = $9.16
Looking at the RSI indicator, it can be seen that it began to turn around before the upper limit, while the STOCH indicator, despite a slight price recovery, returned to the lower part of the range, which creates room for a new increase.
Let's start by setting goals for the near future that we can include:
T1 = $16.14
T2 = $17.38
T3 = $18.75
T4 = $20.54
AND
T5 = $22.88
Now let's move on to the stop-loss in case of further market declines:
SL1 = $14.39
SL2 = $13.34
SL3 = $11.79
AND
SL4 = $9.16
Looking at the RSI indicator, it can be seen that it began to turn around before the upper limit, while the STOCH indicator, despite a slight price recovery, returned to the lower part of the range, which creates room for a new increase.