$LINK closed red yesterday and we're stuck in a tight range on the intraday. Here's the setup:
Below $11.30 = bearish bias kicks in. We're watching for continuation lower if that fails.
Above $11.30 = chop continues. Range-bound price action until we get a clear move.
Break and hold above $12.00 = that's your long trigger. Clean breakout above resistance, momentum flips bullish.
Right now it's a wait-and-see. Don't force trades in the middle of the range. Let price show its hand at the levels that matter. If $12 breaks with volume, we're looking for continuation to the upside. If $11.30 breaks down, we flip short.
Stay patient, trade the levels, not the noise ⚡️
Below $11.30 = bearish bias kicks in. We're watching for continuation lower if that fails.
Above $11.30 = chop continues. Range-bound price action until we get a clear move.
Break and hold above $12.00 = that's your long trigger. Clean breakout above resistance, momentum flips bullish.
Right now it's a wait-and-see. Don't force trades in the middle of the range. Let price show its hand at the levels that matter. If $12 breaks with volume, we're looking for continuation to the upside. If $11.30 breaks down, we flip short.
Stay patient, trade the levels, not the noise ⚡️
