LINKUSDT Downtrend line is going to be taken out?/TS

8 באוק׳ 2021

LINKUSDT
1H trend chart
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After price took out the neckline, the triple bottom pattern has been confirmed.
Further it has retested neckline as a strong support.
If price broke out the downtrend line, trading strategy as below.
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Profit Targets:
a) 30.199~31.102----Fib(1.272~1.382)
b) 32.124----Previous high
c) 35.578----Fib(2)
*Notice that previous high 28.189 must be a potential resistance.

Stop losses:
a) 25.213----Red horizontal ray
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Trading is a reflection of yourself, sometimes you need to take a step back to see more.
Learn more daily and Be ready for any opportunities daily.
Have a nice trading!