MA: LINK has made 2 consecutive closes above the 4H 10MA
S/R It nearly hit all time lows support level (line A)
Trend: It is to the right of the major green trend line (definitely significantly bullish) It is above the minor orange trend line (which might be an invalid shorter term line)
Candlesticks: (4H): V shape with high close followed by very low range blue candle showing the high close was not attacked by bears, looks like a bottom was formed. I was initially skeptical of this bottom shape though as this can look like a bottom but not be, but it does qualify as a good bottom shape in my opinion.
Volume: Volume has been low still, but this might not be significant as most LINK might be traded vs. the USD at Kraken.
Trading Plan: Make 5 "aggressive entries" - one at each of the next 5 "qualifying trade setups" including: 1. 2 consec closes above 50MA, 2. hitting the Line A support (x3 size as definitely valid trade) 3. low volatility around Line A support, 4. breaking back above Line A support, 5. break above .0046202 (recent swing high on this break above 10MA)
Make 5 "adding" entries after trade is "working" to be determined by: 1. crossing line B 2. 2 consec closes above line B 3. crossing line C 4. crossing line D 5. consolidating above line D (x3 as this is definitely an "end" of the bottoming of LINK as long as price stays above it)
Stop of Trade: 10% max loss set below each position entry
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.