Bullish Setup on LINK based on 15 min Time frame
2024-12-09

 Bullish Setup on Link/USDT and LINK/BTC 🦋💹

 Current Price (CMP): 25.8334  
- Entry: At CMP  
- Stop Loss (SL): 25.3  
- Target: 27   ( on higher time frame chart is still bullish and use trailing stop loss along the way more than the lower time frame target)

 Analysis:
- A Bullish Butterfly pattern is forming on the 15-min timeframe, providing strong support.  
- Additionally, a Bullish Ascending Triangle pattern is visible on the 4-hour timeframe, reinforcing the bullish sentiment.  

 Risk-to-Reward Ratio:  
- 4.5 – Favorable setup for disciplined risk management.  

 Strategy:  
- Use a Trailing Stop Loss to secure profits as the price moves up.

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 Disclaimer:  
This idea is for educational and informational purposes only and does not constitute financial advice. Always perform your own analysis and consult with a financial advisor before making trading decisions. Trading in cryptocurrencies involves substantial risk of loss and is not suitable for every investor.  

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