LINK Long Position (Consolidation Breakout)
2024-09-18

Market Context: LINK has been consolidating at support for the last six weeks, and this provides an opportunity to ladder into a long spot position with a favorable risk-reward ratio.

Trade Setup:

Entry: Enter a long spot position around $10.20.
Take Profit:
First target: $12.00 - $13.00
Second target: $16.00 - $17.00
Stop Loss: Just below $9.30

📊 This setup capitalizes on the consolidation at support with potential upside targets in a bullish market environment. #LINK #Consolidation #Crypto