đ $LINK 1H: lower-high retest, WAITING SHORT
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đ State: LINK trades 10.36 (-2.6% 24h). The 1H is below EMA50 (10.47) and EMA200 (10.77), and the 4H is below EMA200 (11.67). Since the Nov 10 drop to 10.102, every bounce has stalled at or under 10.45.
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đŻ Plan (only after confirmation):
Activation: a push into 10.40-10.45, then a 1H close back below 10.40. Limit 10.42.
Stop: 10.485 (10.45 swing + 0.3ĂATR, ATR 0.117).
TP1: 10.24 (today's lows), ~1.8R net.
TP2: 10.14 (just above the 10.10-10.13 base), ~3.0R net.
Costs assumed: 0.1% per side.
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â Cancel: a 1H close above 10.485, a drop below 10.24 before activation, or no trigger by 23:00 Riyadh today.
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đ Size: 1% risk = equity Ă 0.01 Ă· 0.086 (stop distance + costs per LINK).
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đ§ Confidence: low-moderate. The stop is tighter than one ATR, so a single wick can hit it, and 10.10-10.13 has held twice as support.
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Not financial advice. DYOR.
#LINK #Chainlink #TechnicalAnalysis #BinanceSquare
â
đ State: LINK trades 10.36 (-2.6% 24h). The 1H is below EMA50 (10.47) and EMA200 (10.77), and the 4H is below EMA200 (11.67). Since the Nov 10 drop to 10.102, every bounce has stalled at or under 10.45.
â
đŻ Plan (only after confirmation):
Activation: a push into 10.40-10.45, then a 1H close back below 10.40. Limit 10.42.
Stop: 10.485 (10.45 swing + 0.3ĂATR, ATR 0.117).
TP1: 10.24 (today's lows), ~1.8R net.
TP2: 10.14 (just above the 10.10-10.13 base), ~3.0R net.
Costs assumed: 0.1% per side.
â
â Cancel: a 1H close above 10.485, a drop below 10.24 before activation, or no trigger by 23:00 Riyadh today.
â
đ Size: 1% risk = equity Ă 0.01 Ă· 0.086 (stop distance + costs per LINK).
â
đ§ Confidence: low-moderate. The stop is tighter than one ATR, so a single wick can hit it, and 10.10-10.13 has held twice as support.
â
Not financial advice. DYOR.
#LINK #Chainlink #TechnicalAnalysis #BinanceSquare
