Hi traders,
LINK has broken out its strong downtrend. However, I wasn't sure until it makes a new higher high. Now you see it goes on the small uptrend. If the price closes in the grey area, then the uptrend structure will be broken. Hence, in case there is a close in the grey area, do STOP-LOSS manuelly.
The strong resistance and support areas are indicated as green areas.
Note: If the yellow area is crossed, Then I will be highly bullish about LINK. That is the turning point for the price.
Stay safe.
LINK has broken out its strong downtrend. However, I wasn't sure until it makes a new higher high. Now you see it goes on the small uptrend. If the price closes in the grey area, then the uptrend structure will be broken. Hence, in case there is a close in the grey area, do STOP-LOSS manuelly.
The strong resistance and support areas are indicated as green areas.
Note: If the yellow area is crossed, Then I will be highly bullish about LINK. That is the turning point for the price.
Stay safe.
Trade closed manually:
It did not good react to the trend line. The volume is also low. I closed manually.