$LINK bounced to R$LINK bounced of a pretty solid support level but is now facing heavy resistance of previous support now turned R.
Also right above here we find the 200D EMA.
Caution is needed here!
Range-bounce
BTCUSDT - Short the Retest / 15% GAINS !!!-NEW author on TradingView
-2+ years experience in markets
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BTCUSDT 4h: BEST level to SHORT 15% gains (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BTCUSDT 4h chart review / outlook
::: small bounce possible right now
::: likely setting up for a bigger move downwards by rejecting major resistance 11100-11500 USD
::: however short-term I recommend to focus
::: on selling HIGH from confirmed resistance
::: key resistance: 1125-1400 USD
::: key support level: 8925 USD
::: recommended strategy: SHORT IT 1125-11350 USD
::: SL 11600USD TP 8930 USD
::: good luck traders
