LINA/USDT Breakout descending channel, Bullish Momentum for LINA
💎 LINA has recently demonstrated significant market dynamics, breaking out of a descending channel pattern, indicating bullish momentum.
💎 There's potential for the price to transition upwards and continue its movement. However, before continuing upwards, the price may undergo a retesting phase at the trendline or demand area, particularly when facing resistance.
💎 If LINA successfully breaks out above the resistance, its probability could pave the way for further upward movement, possibly reaching our target area at the strong resistance level.
💎 Conversely, if LINA fails to bounce during the retesting phase at the trendline or demand area, or if it breaks below this area, it could signal a bearish scenario, possibly indicating a false breakout. In such a case, the price may reverse downwards, potentially leading to further declines.
💎 There's potential for the price to transition upwards and continue its movement. However, before continuing upwards, the price may undergo a retesting phase at the trendline or demand area, particularly when facing resistance.
💎 If LINA successfully breaks out above the resistance, its probability could pave the way for further upward movement, possibly reaching our target area at the strong resistance level.
💎 Conversely, if LINA fails to bounce during the retesting phase at the trendline or demand area, or if it breaks below this area, it could signal a bearish scenario, possibly indicating a false breakout. In such a case, the price may reverse downwards, potentially leading to further declines.
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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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.