LINK/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 1.31372, 1.31731, 1.32000.
Key Support Levels: 1.31027, 1.30778, 1.30546.
Daily Time Frame:
The price on the higher time frame failed to continue its move downward and it retraced with a lower higher signaling that we are in a new trend to the upside leaving a fake out behind. This could lead to a further movement to the upside.
LINK/USDT (Futures) Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction could be posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 13.497
Target Profit 1 @ 13.891
Target Profit 2 @ 14.283
Stop Loss @ 13.104
Trade Safely 🙂