LINKUSDT is testing the resistance
LINKUSDT is attempting to create a breakout from the resistance level after a recent breakout from the descending channel.
A descending channel is a bearish trend line that is formed by connecting lower highs and lower lows. This pattern often indicates that the market is in a downtrend, and that traders should expect the price to continue to decrease. The recent breakout from the descending channel suggests that the market has found support and may be starting to reverse its trend.
We are waiting for the breakout from the resistance level, which is a price level that has previously acted as a barrier to the price moving higher. A successful breakout from the resistance level would confirm that the market is in a bullish trend and that traders should expect the price to continue to increase.
If the price satisfies Plancton's Rules, which are likely a set of trading criteria established by Plancton's Academy, traders may consider opening a new long position. This is a bullish trade that profits from an increase in the price of the underlying asset. However, it's important to keep in mind that this advice is not a guarantee of success and that traders should always conduct their own research and follow their own risk management strategies before making any trades.
–––––
Follow the Shrimp 🦐
Keep in mind.
A descending channel is a bearish trend line that is formed by connecting lower highs and lower lows. This pattern often indicates that the market is in a downtrend, and that traders should expect the price to continue to decrease. The recent breakout from the descending channel suggests that the market has found support and may be starting to reverse its trend.
We are waiting for the breakout from the resistance level, which is a price level that has previously acted as a barrier to the price moving higher. A successful breakout from the resistance level would confirm that the market is in a bullish trend and that traders should expect the price to continue to increase.
If the price satisfies Plancton's Rules, which are likely a set of trading criteria established by Plancton's Academy, traders may consider opening a new long position. This is a bullish trade that profits from an increase in the price of the underlying asset. However, it's important to keep in mind that this advice is not a guarantee of success and that traders should always conduct their own research and follow their own risk management strategies before making any trades.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน