strong buy
Short LINKUSDT Near Resistance Zone with Clear Targets
The author recommends a short position on LINKUSDT with entry at $13.75 and a stop loss at $14.21. The analysis indicates that the LINK cryptocurrency has approached a resistance zone and the daily trend line, showing signs of weakening buyer strength unable to breach this level. A TDP (Three Movements Pattern) has formed, suggesting a correction is imminent. Additionally, both the hourly and 4-hour charts display a Turtle Soup short pattern, supported by two fractals signaling a sell on the 30-minute timeframe. The designated take-profit levels are marked by white lines, with the first target situated in the 4-hour FVG zone where an optimal point lies at 50% retracement. Upon reaching the first take-profit, it is advisable to move the stop to breakeven. The final take-profit zone is located between 141% and 161% Fibonacci retracement levels. It is crucial to act cautiously and adhere to robust risk management strategies.
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AI Analysis
The analysis highlights technical signals indicating a potential reversal for LINKUSDT around key resistance levels. The proximity to both a significant resistance zone and a daily trend line suggests...
AI Recommendation
Given the technical signals and analysis, it is advisable to enter a short position on LINKUSDT at around $13.75 with a stop loss set at $14.21 to limit potential downside risk. The take-profit target...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.