"Jack's Trading Classroom: LINKPERP Bullish Trend"
Currently, we see the 4-hour candlestick chart of LINKPERP, showing a typical rising trend with higher lows and higher highs. The bottom high points continue to rise, and the top high points are also in an upward trend, clearly indicating an upward trend.
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Currently, we can see the four-hour candlestick chart of LINKPERP, showing a typical rising trend with higher lows for LINK. The bottom high points continue to rise, and the upper high points are also in an upward trend, clearly indicating an upward trend.
Based on indicators, the recent retracement found support at the EMA144 and EMA169 moving averages channel. With the condition that the candlesticks on the four-hour chart close above the EMA12 filter line without crossing below the EMA144 and EMA169 moving averages support channel, it is considered a buy trigger. A stop-loss position can be set at the low point of 28.5405, initiating a long position, while the take-profit price will depend on the future market conditions.
In recent days, the cryptocurrency market has experienced significant volatility. It is recommended for traders to strictly implement risk management practices and avoid high leverage and high contract volume operations to prevent additional losses due to volatile market conditions. This article represents personal opinions, please read with caution, as cryptocurrency trading may pose risks to your capital.
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