LINK Long Spot Trade (Trading at Support)
Market Context:
LINK is currently oversold on the 4-hour timeframe and trading in a major area of support, offering a strong opportunity for a long position with a favorable risk-to-reward ratio.
Trade Setup:
Entry Zone: $13.75 - $14.00
Take Profit Targets:
First target: $18.00 - $19.00
Second target: $21.00 - $22.00
Stop Loss: Just below $13.00
This trade capitalizes on the oversold conditions and support alignment, with potential for a strong rebound toward the profit targets.
LINK is currently oversold on the 4-hour timeframe and trading in a major area of support, offering a strong opportunity for a long position with a favorable risk-to-reward ratio.
Trade Setup:
Entry Zone: $13.75 - $14.00
Take Profit Targets:
First target: $18.00 - $19.00
Second target: $21.00 - $22.00
Stop Loss: Just below $13.00
This trade capitalizes on the oversold conditions and support alignment, with potential for a strong rebound toward the profit targets.
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