TradeCityPro | LINKUSDT The Time to Buy Has Arrived
2025-01-31
Category: None

👋  Welcome to TradeCityPro Channel! 
Let’s analyze another cryptocurrency from the market, which is also one of my favorites due to its infrastructure role and its ability to simplify crypto. It seems that a buying opportunity has arrived.

🌐  Overview Bitcoin 

Before starting the analysis, as always, let’s take a look at Bitcoin on the 1-hour timeframe, where the futures entry trigger at 104,227 was activated. Currently, it is below the important resistance level of 105,939, which will be the last trigger I provide for futures entry.

If this resistance at 105,939 is broken and Bitcoin dominance is declining at the time of the breakout, switch to altcoins and look for long positions on those that have already made a bullish leg and are trading at relatively higher levels. As long as we are above 104,227, I will continue looking for long triggers.


📊  Weekly Timeframe 

On the weekly timeframe, LINK has been one of the cryptocurrencies that remained in a range for 500 days. After breaking out, we have seen the beginning of an uptrend.

This is exactly what I mean by avoiding capital lock-up. We waited weeks for the 8.06 trigger to break, allowing us to buy with momentum confirmation rather than buying inside the range and waiting in a high-risk market.

You might say, "Why not buy inside the range to avoid missing the 8.06 breakout?" My answer is that hundreds of coins are still stuck in similar ranges without showing any bullish moves, and even now, they could trap your capital for a long time, causing frustration!

If you entered at 8.06, continue holding. If you are looking for a re-entry, you can buy after the 29.02 breakout. As for selling, I am not selling yet and will actually try to accumulate more!


📈  Daily Timeframe 

On the daily timeframe, LINK is one of the few cryptocurrencies that, after recent corrections, did not return to lower levels. Instead, it bounced off the 0.382 Fibonacci level, increasing the bullish bias.

After breaking 12.96, LINK had a strong rally up to 29.07, where resistance was observed.
Instead of considering 29.07 as resistance, I prefer to buy after a breakout of 26, as this level was previously a pullback zone and had multiple rejections.

Since we have bounced off the 0.382 Fibonacci level, a breakout of the recent high could trigger a new upward move towards the Fibonacci extension targets, which are : 31.24 – 35.10 – 41.44 – 51.19

For buying, I plan to enter a spot position after a 26 breakout with a stop-loss at 15.22, and I will continue holding. I will also look for a futures long position before 26, but for that, I will need momentum confirmation and volume increase!


⏱  4-Hour Timeframe 

On the 4-hour timeframe, a risky long trigger at 24.34 was activated, but there hasn't been much movement yet. A pullback to 24.34 is possible.

📈  Long Position Trigger 
the 26.30 trigger is excellent, and I will try to find lower timeframe entries before that. As long as we are above 22.37, my bullish strategy remains intact.

📉  Short Position Trigger 
I am not considering any setups unless a clear structure forms. If we see a sharp drop to 22.37 and then break below it, I might consider shorting, but I prefer to focus on more bearish coins instead of LINK.


📝  Final Thoughts 

Stay calm, trade wisely, and let's capture the market's best opportunities!

This analysis reflects our opinions and is not financial advice.

Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️