$LINK just pushed back into the $13.30 area, and this is where the move gets interesting.
The recovery from $10.62 has been pretty clean, but price is now running into the same area where sellers can step in again. I don't want to call this a breakout just because one candle is moving fast.
What I'd want to see is buyers actually holding above $13.30 on the 4H timeframe. If that happens, $13.68 becomes the next obvious level on my chart. If the breakout fails, I'm more interested in seeing how price behaves around $12.48.
For me, the reaction after the first breakout attempt matters more than the current green candle.
The recovery from $10.62 has been pretty clean, but price is now running into the same area where sellers can step in again. I don't want to call this a breakout just because one candle is moving fast.
What I'd want to see is buyers actually holding above $13.30 on the 4H timeframe. If that happens, $13.68 becomes the next obvious level on my chart. If the breakout fails, I'm more interested in seeing how price behaves around $12.48.
For me, the reaction after the first breakout attempt matters more than the current green candle.
