technical analysis and trade signal for $LINK /USDT with three target levels and trade momentum: 👍🎯🎯🔥🔥🚀👍👍🎯

Current Price: $29.08

24h Change: -2.19%

Support and Resistance:

Immediate Support: $28.02 (recent 24h low)

Immediate Resistance: $29.77 (recent 24h high)

Key Levels:

Target 1: $29.50 – This is a potential resistance level that may act as a short-term target if the price starts to bounce.

Target 2: $30.30 – If the price breaks the first resistance, the next target level is here, which coincides with the mid-range of the recent price action.

Target 3: $31.00 – A higher target if bullish momentum continues, reflecting a solid move upwards after breaking the previous resistance levels.

Momentum Indicators:

RSI (Relative Strength Index): Currently in neutral territory, with a slight downward slope, suggesting mild bearish momentum. A drop below 30 could indicate an oversold market, signaling a potential reversal.

MACD (Moving Average Convergence Divergence): The MACD is close to crossing the signal line, which may indicate weakening bearish momentum and the possibility of a bullish reversal.

Volume Analysis: The trading volume for LINK/USDT is moderate. If the price increases with rising volume, it will suggest stronger momentum in the direction of the breakout.

Trade Signal:

Entry Point: Consider entering near $28.02 (support level) or waiting for a breakout above $29.77 (resistance level).

Stop Loss: $27.50 (below support for managing risk).

Take Profit Levels:

First Target: $29.50

Second Target: $30.30

Third Target: $31.00

Trade Momentum: Bearish in the short term, but a potential reversal could lead to bullish momentum if resistance at $29.77 is broken.

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