I’m looking at $LINEA
, which has dropped about 72% over the last 90 days. The project continues with its regular token unlocking on the 10th of every month, and although the burning mechanism hasn’t fully achieved its goals yet, I believe that increased activity in the Linea ecosystem could improve the token’s dynamics over time.
For a trade setup:
Entry Zone: 0.27 – 0.29
Target Points: 0.32 → 0.35 → 0.38
Stop Loss: 0.25
I’m taking this setup because $LINEA is at a strong support area after a prolonged downtrend. The entry zone aligns with previous consolidation levels, offering a favorable risk-to-reward ratio. If momentum returns, the first target is realistic, with higher targets capturing potential recovery from ecosystem growth and increased participation. The stop loss is placed just below the support to limit risk in case the downtrend continues.
This setup works because the market tends to react around historical support levels, and with the upcoming token unlocking and potential ecosystem engagement, there’s a good chance for a bounce. I’m keeping it simple and direct, focusing on clear levels and risk management.
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