$LINK Analysis: Downtrend Testing Support, Potential Reversal Ahead
$LINK is trading at $27.37 on the 15-minute chart, facing strong selling pressure but showing signs of stabilization near key support levels.
Trade Setup:
Long Entry: Above $27.80, targeting $28.50 and $29.20.
Short Entry: Below $27.00, aiming for $26.50 and $26.00.
Stop Loss: Set a stop loss at $27.20 to manage downside risk.
Market Insight:
Despite the recent decline, testing a key support level. If buyers return with rising volume, a reversal toward $28.50 could occur. However, failure to hold above $27.00 may push prices lower.