🔗 Chainlink (LINK): Consolidating at Support! 📊🔄
📉 Current Situation:
LINK is consolidating at a support level.
Opportunity identified for a long trade.
📈 Trade Plan:
Entry: Ladder into a long spot trade in the $17.50 - $19.00 support area.
Take Profit: Target the next resistance areas at $21.00 - $23.00 or $26.00 - $28.00.
Stop Loss: Set just below $16.00 to manage potential downside risk.
🔄 Strategy:
Utilize laddering to enter positions strategically.
Monitor price action for confirmation of upward movement.
Manage risk by adhering to stop loss levels.
📊 Note: Keep an eye on LINK's price dynamics and adjust the trade plan accordingly based on market conditions! #LINK #TradePlan #SupportAndResistance 📈🔗
LINK is consolidating at a support level.
Opportunity identified for a long trade.
📈 Trade Plan:
Entry: Ladder into a long spot trade in the $17.50 - $19.00 support area.
Take Profit: Target the next resistance areas at $21.00 - $23.00 or $26.00 - $28.00.
Stop Loss: Set just below $16.00 to manage potential downside risk.
🔄 Strategy:
Utilize laddering to enter positions strategically.
Monitor price action for confirmation of upward movement.
Manage risk by adhering to stop loss levels.
📊 Note: Keep an eye on LINK's price dynamics and adjust the trade plan accordingly based on market conditions! #LINK #TradePlan #SupportAndResistance 📈🔗