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LINK/USDTPERP Potential Upward Movement

LINK/USDTPERP Long-Term Trend: Bullish

Key Resistance Levels: 35.1850, 40.4335, 40.4400.

Key Support Levels: 30.1810, 27.8010, 25.1300.

Daily Chart:

The price on the higher time frame found support around the 25.13 USDT mark by posting a higher low and recently an engulfing bullish pattern above the 30.2975 USDT resistance level. These are signs that the market will continue to the upside in the coming hours.

LINK/USDTPERP Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the coin succeeded to break the Wyckoff accumulation phase to the upside where a correction is being posted now toward the higher end of the channel. This  might lead to a further movement to the upside toward the target profit.

Signal Idea:

Buy Limit Order @ 30.2410

TP 1 @ 35.1225

TP 2 @ 40.4335

Stop Loss @ 28.5320

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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