Hello everyone, let's look at the 4H LINK to USDT chart, because you can see how the price is moving in the local downtrend channel, and what's more, you can see a break from the bottom of the uptrend line.
Let's start by setting goals for the near future that we can include: T1 = $15 T2 = $15.80 T3 = $16.33 AND T4 = $17.05
Now let's move on to the stop loss in case of further market declines: SL1 = $13.79 SL2 = $13.17 SL3 = $12.41 AND SL4 = $11.78
The RSI indicator shows that we are bouncing off the local downward trend line, which causes the price to rebound again, while the STOCH indicator is constantly moving at the lower border, which may lead to an attempt to rebound the price and exit the channel at the top.
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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.