Link: Waiting for Bullish Confirmation at Key Levels. 🚀
💎 LINK is currently approaching its supportive trendline, We can also viewed it as an ascending channel because of above resistive trendline.
💎There's a likelihood of a bounce from this supportive trendline, but I anticipate a potential breakdown of the trendline to capture liquidity down to the bullish order block (OB). Even in this scenario, I'll be waiting for bullish confirmation at both levels.
💎If the price falls and breaks below the bullish OB, it would be considered a Change of Character (CHoCH) and a bearish sign. However, I'm not inclined to give much weight to the bearish trend unless Bitcoin starts exhibiting a bearish structure.
💎There's a likelihood of a bounce from this supportive trendline, but I anticipate a potential breakdown of the trendline to capture liquidity down to the bullish order block (OB). Even in this scenario, I'll be waiting for bullish confirmation at both levels.
💎If the price falls and breaks below the bullish OB, it would be considered a Change of Character (CHoCH) and a bearish sign. However, I'm not inclined to give much weight to the bearish trend unless Bitcoin starts exhibiting a bearish structure.
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