📊 🚀
🔹 Asset: LINK/USD
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: ~18.90 - 19.00 USDT (Breakout Confirmation)
✅ Stop-Loss (SL): ~18.41 USDT (Below Key Support)
🎯 Take Profit Targets:
📌 TP1: ~19.297 USDT (First Resistance Level)
📌 TP2: ~19.913 USDT (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
🔹 19.00 - 18.41 = 0.59 USDT
📈 Reward to TP1:
🔹 19.297 - 19.00 = 0.297 USDT
💰 Risk-Reward Ratio to TP1: 1:0.50
📈 Reward to TP2:
🔹 19.913 - 19.00 = 0.913 USDT
💰 Risk-Reward Ratio to TP2: 1:1.55
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: A push above 19.00 USDT confirms bullish momentum.
📌 Pattern Formation: Symmetrical Triangle Breakout indicates a potential upside continuation.
📊 Key Support & Resistance Levels:
🟢 18.41 USDT – Strong Support / Stop-Loss Level
🟡 19.00 USDT – Breakout Zone / Entry Level
🔴 19.297 USDT – First Profit Target / Resistance
🟢 19.913 USDT – Final Target for Momentum Extension
🚀 Momentum Shift Expected:
📌 If the price holds above 19.00 USDT, it could rally towards 19.297 USDT and 19.913 USDT.
📌 A high-volume breakout would further strengthen the bullish trend.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above 19.00 USDT before entering.
📈 Trailing Stop Strategy: Move SL to entry (19.00 USDT) after TP1 (19.297 USDT) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 19.297 USDT, let the rest run to 19.913 USDT.
✔ Adjust Stop-Loss to Break-even (19.00 USDT) after TP1 is reached.
⚠️ Fake Breakout Risk:
If the price falls below 19.00 USDT, wait for a retest before considering re-entry.
🚀 Final Thoughts:
✔ Bullish Setup – Holding above 19.00 USDT could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Risk-Reward Ratio – 1:0.50 to TP1, 1:1.55 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #CryptoTrading #LINKUSD #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
🔹 Asset: LINK/USD
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: ~18.90 - 19.00 USDT (Breakout Confirmation)
✅ Stop-Loss (SL): ~18.41 USDT (Below Key Support)
🎯 Take Profit Targets:
📌 TP1: ~19.297 USDT (First Resistance Level)
📌 TP2: ~19.913 USDT (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
🔹 19.00 - 18.41 = 0.59 USDT
📈 Reward to TP1:
🔹 19.297 - 19.00 = 0.297 USDT
💰 Risk-Reward Ratio to TP1: 1:0.50
📈 Reward to TP2:
🔹 19.913 - 19.00 = 0.913 USDT
💰 Risk-Reward Ratio to TP2: 1:1.55
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: A push above 19.00 USDT confirms bullish momentum.
📌 Pattern Formation: Symmetrical Triangle Breakout indicates a potential upside continuation.
📊 Key Support & Resistance Levels:
🟢 18.41 USDT – Strong Support / Stop-Loss Level
🟡 19.00 USDT – Breakout Zone / Entry Level
🔴 19.297 USDT – First Profit Target / Resistance
🟢 19.913 USDT – Final Target for Momentum Extension
🚀 Momentum Shift Expected:
📌 If the price holds above 19.00 USDT, it could rally towards 19.297 USDT and 19.913 USDT.
📌 A high-volume breakout would further strengthen the bullish trend.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above 19.00 USDT before entering.
📈 Trailing Stop Strategy: Move SL to entry (19.00 USDT) after TP1 (19.297 USDT) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 19.297 USDT, let the rest run to 19.913 USDT.
✔ Adjust Stop-Loss to Break-even (19.00 USDT) after TP1 is reached.
⚠️ Fake Breakout Risk:
If the price falls below 19.00 USDT, wait for a retest before considering re-entry.
🚀 Final Thoughts:
✔ Bullish Setup – Holding above 19.00 USDT could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Risk-Reward Ratio – 1:0.50 to TP1, 1:1.55 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #CryptoTrading #LINKUSD #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.