The falling wedge pattern visible on the chart has broken to the upside — a historically bullish formation that often signals a reversal. However, it’s important to note that price has not yet reclaimed the EMAs.
📌 The key invalidation level is below the April 7 wick.
As long as there is no candle close below that level, the setup remains valid. A close below would invalidate the wedge structure.
Currently, price is entering a buy block zone, which has previously shown strong demand. A reaction from this region — especially if it pushes price back above the EMAs — would increase confidence in the setup.
🎯 Target zone: 23 – 30 USDT
🛡️ Stop loss: 10.09 USDT
📈 Risk/Reward: High potential
⚠️ This is not financial advice. Always manage your own risk accordingly.
#LINK #Chainlink #LINKUSDT #CryptoTrading #PriceAction #TradingView #Altcoins
📌 The key invalidation level is below the April 7 wick.
As long as there is no candle close below that level, the setup remains valid. A close below would invalidate the wedge structure.
Currently, price is entering a buy block zone, which has previously shown strong demand. A reaction from this region — especially if it pushes price back above the EMAs — would increase confidence in the setup.
🎯 Target zone: 23 – 30 USDT
🛡️ Stop loss: 10.09 USDT
📈 Risk/Reward: High potential
⚠️ This is not financial advice. Always manage your own risk accordingly.
#LINK #Chainlink #LINKUSDT #CryptoTrading #PriceAction #TradingView #Altcoins
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。