๐ $LINK /USDT Technical Analysis โ 4H Chart ๐
Current Price: $28.22
24H High: $30.85 | 24H Low: $27.85
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๐ข Long Trade Setup (Bullish Scenario):
Entry Zone: $28.30 โ $28.50
Target 1: $29.80 (Local Resistance)
Target 2: $31.00 (Psychological Resistance)
Stop Loss: $27.50
Reasoning:
The price is currently consolidating near $28.20 after facing rejection at $30.85. A breakout above $28.50 with strong volume could signal bullish continuation toward $29.80 and potentially $31.00.
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๐ด Short Trade Setup (Bearish Scenario):
Entry Zone: $28.00 โ $27.80
Target 1: $27.00 (Support)
Target 2: $26.00 (Lower Support)
Stop Loss: $28.60
Reasoning:
If LINK fails to hold above $28.00, increased selling pressure could push the price down to test support at $27.00 and $26.00. Monitor for volume confirmation below $28.00.
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๐ Key Levels to Watch:
Resistance Levels: $29.80 | $31.00
Support Levels: $27.00 | $26.00
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๐ฎ Market Prediction:
A bullish breakout above $28.50 could lead to a rally toward $29.80 and further to $31.00.
A bearish breakdown below $28.00 may result in a pullback to $27.00 or lower.
โ ๏ธ Trading Tip: Use stop-loss orders and monitor volume closely for confirmation of breakouts or breakdowns. Volatility remains high, so trade with caution. ๐จ
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