LINK, Is PUMP after a BEARISH pattern possible?
Now we see a descending wedge on Chanlink's(LINK) chart, which partially repeats Bitcoin's movements. Usually a rising wedge is a bullish pattern. But what will it be like in this situation?
A breakout could be after a consolidation below the upper trend line. Also, a profitable long position can be opened after a liquidity collection and a false breakout of the wedge. In this case you could put a short stop loss with a good risk to reward for that LONG.
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
A breakout could be after a consolidation below the upper trend line. Also, a profitable long position can be opened after a liquidity collection and a false breakout of the wedge. In this case you could put a short stop loss with a good risk to reward for that LONG.
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Trade closed: target reached:
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