Technical analysis by TrendShot about Symbol LINK on 7/6/2025

🦋 Title: A Butterfly on the Edge – But Only with ConfirmationOn the 2H timeframe, a Bullish Butterfly Harmonic Pattern is unfolding. The wave structure (X → A → B → C → D) aligns closely with harmonic principles, and point D lies above X, within the 1.27 to 1.618 Fibonacci extension of XA — reinforcing the pattern’s validity.📌 No entry has been triggered yet.We are currently waiting for price to break and hold above the key resistance at 13.60 to confirm the bullish scenario.🔹 Bullish Scenario (our primary and preferred outlook):Given the strong reaction around the 12.74 demand zone and the harmonic structure completion, we are primarily focused on a long opportunity, if and only if confirmation is achieved above 13.60.📥 Entry Zone: 13.05 – 13.65🎯 Target 1: 17.94🎯 Target 2: 18.76🛑 Stop-Loss: Below 12.74 (structural invalidation)🔻 Alternative Bearish Scenario:If price fails to break 13.60 and instead loses the 12.74 support, the bullish setup becomes invalid, and the market could enter a deeper correction phase.Potential downside targets in that case:📉 11.80📉 10.90 – 10.30 (if bearish momentum continues)📊 Risk Management Notes:Position sizing should not exceed 1% of total capitalAvoid early entries before confirmationPrefer partial entries after breakout and retestStick to the invalidation level strictly📈 While both scenarios are on the table, we are currently favoring the bullish setup, as long as price action supports it. Discipline and patience are key — confirmation first, trade second.👉 LINK is playing out as anticipated and the Butterfly pattern is completing beautifully.At this stage, if you're not comfortable with higher risk, you can:Take partial or full profits,Secure gains by trailing your stop-loss,Or simply lock in your current profits and let the rest ride toward higher targets.This is a key decision zone — manage your position according to your risk profile. 📊✅