Technical analysis by DAY11 about Symbol LINK on 9/16/2025

DAY11

A symmetrical triangle pattern is formed by two converging trendlines, one connecting lower highs and the other connecting higher lows, that create a triangle shape, which is indicating a period of market consolidation or a potential breakout or breakdown. This pattern is often seen as a continuation pattern, Traders use this pattern to identify potential entry and exit points, looking for increased volume and a confirmed close beyond the trendline to validate a breakout. Trade Set Up - 1.Wait for a Breakout and Confirmation: Do not make any trading decisions until the price closes decisively outside of the triangle. Increased Volume: A valid breakout or breakdown is usually accompanied by an increase in trading volume, confirming the price movement. Price Target: The potential price target for the move can be estimated by measuring the height of the triangle. Stop-Loss: Put a stop-loss Long- Belove the line (support) or Short-Above the line (Resistance) depend on break out . Do Your Own Reassert before taking any action. Updates will soon....until don't forget to follow