Hi there,
CHAINLINK has the potential to reach the second supply area around the 20.20 level and drop for a retest around the 18.77 before commencing up to the 21.00 major supply area.
And a potential drop from 21.00 could follow to 15.00.
If the current candle structure drops from the support level, breaches the demand zone, and breaks 15.69, that will invalidate the setup.
Happy Trading,
K.
CHAINLINK has the potential to reach the second supply area around the 20.20 level and drop for a retest around the 18.77 before commencing up to the 21.00 major supply area.
And a potential drop from 21.00 could follow to 15.00.
If the current candle structure drops from the support level, breaches the demand zone, and breaks 15.69, that will invalidate the setup.
Happy Trading,
K.
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