LINK has been trading inside a wedge for a couple of weeks not. Only a few hours ago it rejected the wedge support and is currently on its way up again.
This trade is based on the idea that the wedge will continue to hold strong in the near future.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
This trade is based on the idea that the wedge will continue to hold strong in the near future.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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