Current Setup: LINK has successfully breached and held above the key support level of $20.28, demonstrating bullish momentum. The price action is currently consolidating in what appears to be a Bull Flag pattern, suggesting a potential continuation of the prior upward move.
Trigger & Confirmation: A decisive daily close above the pattern's resistance at $23.97 will serve as the primary buy signal according to my strategy. I am awaiting confirmation from a secondary indicator before considering this trigger fully validated.
Projection: Upon a confirmed breakout, LINK possesses a clear trajectory to target higher resistance levels on the daily chart.
Risk Management: A strict stop-loss is essential for this setup. Any move resulting in a daily close back below $20.28 would invalidate the bullish structure and signal an exit.
I will issue a formal 'SPECIAL SIGNAL' alert once all confirmation criteria are met and the trade is officially live.
Trade Safe,
S.Reza Mehrjuyan / CEO FNS
Analyst, Manager
Trigger & Confirmation: A decisive daily close above the pattern's resistance at $23.97 will serve as the primary buy signal according to my strategy. I am awaiting confirmation from a secondary indicator before considering this trigger fully validated.
Projection: Upon a confirmed breakout, LINK possesses a clear trajectory to target higher resistance levels on the daily chart.
Risk Management: A strict stop-loss is essential for this setup. Any move resulting in a daily close back below $20.28 would invalidate the bullish structure and signal an exit.
I will issue a formal 'SPECIAL SIGNAL' alert once all confirmation criteria are met and the trade is officially live.
Trade Safe,
S.Reza Mehrjuyan / CEO FNS
Analyst, Manager
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.