📈💰 "Link Coin Update: New Analysis & Pathways" 🔗📈
🕵️♂️ Let's update the previous analysis of Link Coin and identify new entry points on this chart to be prepared for various market scenarios.
⏰ the previous analysis, it was mentioned that after breaking 16.747, you can open your short position, but there is no need to completely abandon this coin and patience can still yield substantial profits.
🤔 After the analysis and the loss of 16.474, we were waiting for our next important support at 13.082, which is currently showing significant support, and it is our most important support level.
💹 For continuing the short position and trading in the futures, our most important support has been identified, and we need to wait for its loss. Therefore, after breaking 13.082, we can open our short position.
🌟 For the long position, however, we prefer to wait for a new structure, either by having a greater number of candles in this area or missing an upward movement and then opening the long position after a correction in the new wave. Also, try not to lose the long position at 21.851.
🔍 Before discussing the new entry point and buying again, one of the entry points that we have currently lost is the support candle at 13.082. Because we are currently resting on the 0.38 Fibonacci level, and if we find support and move upwards, there is a possibility of breaking the 0 Fibonacci point and starting a new trend, which requires an increase in volume to confirm this trend. The entry point currently exists only after breaking 21.851.
🕯️ Alternatively, we wait for a new market structure, which these days heavily depends on Bitcoin, and in case of a correction in Bitcoin, most altcoins are affected similarly because Bitcoin holds about 55% of the market cap.
🛒 In case of correction, we have important levels of 10.901 and the main and essential support of 8.424. Also, in case of an upward movement, we have important resistances at 16.747 and the most important recent ceiling of 21.851.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
⏰ the previous analysis, it was mentioned that after breaking 16.747, you can open your short position, but there is no need to completely abandon this coin and patience can still yield substantial profits.
🤔 After the analysis and the loss of 16.474, we were waiting for our next important support at 13.082, which is currently showing significant support, and it is our most important support level.
💹 For continuing the short position and trading in the futures, our most important support has been identified, and we need to wait for its loss. Therefore, after breaking 13.082, we can open our short position.
🌟 For the long position, however, we prefer to wait for a new structure, either by having a greater number of candles in this area or missing an upward movement and then opening the long position after a correction in the new wave. Also, try not to lose the long position at 21.851.
🔍 Before discussing the new entry point and buying again, one of the entry points that we have currently lost is the support candle at 13.082. Because we are currently resting on the 0.38 Fibonacci level, and if we find support and move upwards, there is a possibility of breaking the 0 Fibonacci point and starting a new trend, which requires an increase in volume to confirm this trend. The entry point currently exists only after breaking 21.851.
🕯️ Alternatively, we wait for a new market structure, which these days heavily depends on Bitcoin, and in case of a correction in Bitcoin, most altcoins are affected similarly because Bitcoin holds about 55% of the market cap.
🛒 In case of correction, we have important levels of 10.901 and the main and essential support of 8.424. Also, in case of an upward movement, we have important resistances at 16.747 and the most important recent ceiling of 21.851.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
