LINK Is Inside The Void - Learn How To Trade

LINK Is in a very difficult area to trade at the moment. In this idea I will explain which two major option you have if you are looking for a LONG position on LINK.

First of all, let's look at *the void* in more detail. We can see the blue area on the chart where there is absolutely zero price support or resistance. The price broke through this area like a hot knife through butter.

Also on the way back the breakout was very intense and made this area seem like an error in the space-time continuum.

In scenario 1, you can wait for the price to find resistance again (through a multiple S/R flip) and see if it manages to break through. If it does a new uptrend is confirmed and you can enter during the breakout.

In scenario 2, I suggest a different route where you wait for the price to hit the bottom of the void, near horizontal support. As soon as it hits support you can long again and try to get a trade in from that area.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!