Long

LINKUSDT Local S/R| Dynamic S/R| Swing High| Price Action

Evening Traders,

Today’s analysis – LINKUSDT- trading above its Local S/R within a probable apex that has a probability of breaking bullish,
Points to consider,
- Impulsive Price Action
- Dynamic S/R Resistance
- Swing High Objective
- Low Volume

LINKUSDT’s immediate price action is impulsive, trading at a true trade location where a breaking of the Dynamic S/R is critical for a bullish bias.

The Swing High is the current objective, exceeding this level will greatly increase the probability of a trend continuation.

Current volume profile is below average, an influx is highly probable when a volatility expansion occurs.

Overall, in my opinion, LINKUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps

Thank you for following my work

And remember,

“Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis

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