LINKS/USDT Analysis:
The chart shows that the price has reached a key resistance level (S) after a strong upward move and a compression phase. Additionally, there are 4H Fair Value Gaps (FVG), indicating a potential price reversal to the downside.
Trade Plan:
• Short entry: 15.4 - 15.3
• Take profit targets: 14.623, 14.518
• Stop loss: 15.869
The price has already shown a reaction to the resistance zone, confirming the possibility of a downward correction. The entry point is selected considering liquidity and a potential retest before a drop $LINK
The chart shows that the price has reached a key resistance level (S) after a strong upward move and a compression phase. Additionally, there are 4H Fair Value Gaps (FVG), indicating a potential price reversal to the downside.
Trade Plan:
• Short entry: 15.4 - 15.3
• Take profit targets: 14.623, 14.518
• Stop loss: 15.869
The price has already shown a reaction to the resistance zone, confirming the possibility of a downward correction. The entry point is selected considering liquidity and a potential retest before a drop $LINK