$LINK Technical Analysis of the Current Structure
Compression of Moving Averages: The price is stuck just below the defensive crossover of the MA(25) ($11.410) and the MA(99) ($11.400). Below that, the MA(7) ($11.367) reacted as immediate support in this latest green candle.
Order Book Pressure: The indicator shows 56.21% demand versus 43.79% supply, suggesting a buying bias in this lower zone to push the price toward the top of the channel.
Local Tops: After the $11.524 high, the price made two failed attempts in the $11.47 - $11.48 area, confirming that sell liquidity is concentrated just before $11.50.
Your Trade Status and Strategy
Entry: $11.35 (slight profit).
Momentum Scenario: If this green candle manages to close above the MA(99) and MA(25) (15m close > $11.41), the move toward your order zone will activate.
Executing the 50/50 Plan: Keep your first limit order (50%) at $11.48 to secure gains at the immediate resistance, and the remaining 50% at $11.60.
Protection: To secure the position without risk, adjust your Stop Loss or Breakeven to your entry price at $11.35 (or $11.34 to cover commissions).
The 15m structure suggests a retest of the $11.45 - $11.48 zone. Let the 50/50 strategy work on its own without giving in to the temptation to close early at market.
$NVDAB $BTC
Compression of Moving Averages: The price is stuck just below the defensive crossover of the MA(25) ($11.410) and the MA(99) ($11.400). Below that, the MA(7) ($11.367) reacted as immediate support in this latest green candle.
Order Book Pressure: The indicator shows 56.21% demand versus 43.79% supply, suggesting a buying bias in this lower zone to push the price toward the top of the channel.
Local Tops: After the $11.524 high, the price made two failed attempts in the $11.47 - $11.48 area, confirming that sell liquidity is concentrated just before $11.50.
Your Trade Status and Strategy
Entry: $11.35 (slight profit).
Momentum Scenario: If this green candle manages to close above the MA(99) and MA(25) (15m close > $11.41), the move toward your order zone will activate.
Executing the 50/50 Plan: Keep your first limit order (50%) at $11.48 to secure gains at the immediate resistance, and the remaining 50% at $11.60.
Protection: To secure the position without risk, adjust your Stop Loss or Breakeven to your entry price at $11.35 (or $11.34 to cover commissions).
The 15m structure suggests a retest of the $11.45 - $11.48 zone. Let the 50/50 strategy work on its own without giving in to the temptation to close early at market.
$NVDAB $BTC
