Instrument: LINKUSDT
Time Frame: 1D
Exchange: Bitget
Trading Type: Swing Trading
Chainlink was one of the top-performing altcoins during Bitcoin's previous all-time high period.
With the recent surge, Chainlink has already surpassed most key resistance levels, including breaking out of a long-term descending trendline. Now positioned just below its previous high, the coin still shows potential for another significant rally.
To capitalize on this, I plan to execute 3-4 staggered buys near the key levels where the trendline, Fibonacci 0.618 support, and a critical order block align.
The stop-loss will be determined based on whether the 0.618 Fibonacci level holds as support.