Technical analysis by tradecitypro about Symbol LINK: Buy recommendation (19 hour ago)

👋 Welcome to TradeCityPro Channel! Let’s go to the LINK chart, the popular cryptocurrency, and analyze it together. 🌐 Overview of Bitcoin Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together. This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames. 📊 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! 📊 Daily Timeframe In the daily timeframe, after being inside the range box between 11.58 and 15.50 and ranging in this area, we finally broke out and formed a curve movement. Currently, after our uptrend, we have reached the 26.88 resistance, which previously rejected us from this area and is our most important resistance. If we form a higher low in this area, we can make our spot buy after breaking 26.88. 📈 4H Timeframe In the 4-hour timeframe, we experienced a very good uptrend and then entered a range phase, which increases the probability of a correction. For a short position, after breaking 23.05, we can open a position with low risk and take profit quickly because the trend is bullish and we are not supposed to hold short positions for too long. For a long position, we need to break the continuation trendline, and after activating the 23.89 trigger, we can open our long position. Our main trigger will be 26.5. 📝 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! ❤️