🔗 link/usdc – technical analysis nexusbull 🐂 (at 14:10)
analysis over time intervals:
4h: $LINK has lost the mb average and is heading towards the lower band support. the current price is around 8.60. stochrsi on 4h is in free fall, so we need to closely monitor where the bleeding stops.
1h: the price is outside the lower bollinger band (8.65), which indicates a maximum extension of selling. usually, a candle that closes outside the bands on 1h attracts a quick return inside. stochrsi is close to 0.
15m: we observe an attempt to form a base at 8.58 - 8.62. rsi(6) is in the oversold zone, signaling that the short selling momentum is exhausted.
precise trading setup:
entry: 8.58 - 8.65 (current support zone and re-entry into the bollinger bands on 1h).
take profit (tp): 8.85 (profit of approximately 2.5% - 3%, targeting the first local resistance).
stop loss (sl): 8.35 (below the psychological minimum of 8.40).
💡 nexusbull profit philosophy 🐂
note tp: in a declining market, the discipline to exit at 2-3% is life-saving. better a small profit in your pocket than a large position in the red.
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