Technical Analysis for LINK/USDT:
Current Price: $27.69
Trend: Slightly bearish (-1.49% in 24 hours)
Resistance Levels:
Target 1 (T1): $28.40 (Recent 24h High)
Target 2 (T2): $29.00 (Next resistance level based on recent price action)
Target 3 (T3): $30.00 (Psychological level)
Support Levels:
Immediate Support: $26.53 (24h Low)
Secondary Support: $26.00
SAR (Stop and Reverse): Currently at 26.91, indicating a potential reversal point. If the price breaks below this, the trend could shift further bearish.
Trade Signal:
Momentum: Bearish with some consolidation at $27.69. Traders might expect a short-term pullback, but a break above $28.00 could signal bullish continuation.
Recommendation:
Bullish Entry: Consider entering long if the price breaks above $28.00 and sustains momentum toward the next resistance.
Bearish Entry: If the price breaks below $26.53, consider short positions with targets around $26.00 and $25.50.
Keep an eye on market volume and SAR to gauge the strength of the trend.
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