๐ LINK 4H: Lower-High Retest SHORT Setup
โ
๐ Trend: Bearish. LINK trades 11.30 (-2.0% 24H) below EMA20 11.49, EMA50 11.57 and EMA200 12.16. Nov 1 topped at 11.87, a lower high under Oct 31's 11.96.
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๐งฑ Resistance: 11.48-11.57 (EMA20/EMA50), then 11.87
๐ Support: 11.23 (24H low), 11.05-11.08, Oct 30 wick 10.27
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๐ฏ Plan:
Entry zone: 11.48-11.55 on a rejection retest
Stop loss: 11.75
TP1: 11.08
TP2: 10.91
TP3: 10.54
โ
๐ง Reasoning: sellers keep defending the moving averages, and each bounce stalls lower. A clean 4H close above 11.75 cancels the idea.
โ
โ ๏ธ Risk: size small, move SL to entry after TP1. Not financial advice. DYOR.
โ
$LINK $BTC
#Chainlink #TechnicalAnalysis #CryptoTrading #BinanceSquare
โ
๐ Trend: Bearish. LINK trades 11.30 (-2.0% 24H) below EMA20 11.49, EMA50 11.57 and EMA200 12.16. Nov 1 topped at 11.87, a lower high under Oct 31's 11.96.
โ
๐งฑ Resistance: 11.48-11.57 (EMA20/EMA50), then 11.87
๐ Support: 11.23 (24H low), 11.05-11.08, Oct 30 wick 10.27
โ
๐ฏ Plan:
Entry zone: 11.48-11.55 on a rejection retest
Stop loss: 11.75
TP1: 11.08
TP2: 10.91
TP3: 10.54
โ
๐ง Reasoning: sellers keep defending the moving averages, and each bounce stalls lower. A clean 4H close above 11.75 cancels the idea.
โ
โ ๏ธ Risk: size small, move SL to entry after TP1. Not financial advice. DYOR.
โ
$LINK $BTC
#Chainlink #TechnicalAnalysis #CryptoTrading #BinanceSquare
