$LINK
LINK/USDT Technical Analysis โ Chainlink Poised for a Breakout! ๐๐
The LINK/USDT pair is trading at $24.80, showing consistent momentum as traders watch for a potential breakout. Hereโs a breakdown of the key levels:
๐น Support Levels:
Immediate support is at $24.00, a crucial level where buyers have previously stepped in.
If this level fails, $23.50 provides solid support, acting as a major demand zone from past price actions.
๐น Resistance Levels:
The first resistance to monitor is $25.00, a psychological barrier that could trigger bullish momentum.
A breakout above $25.00 might drive LINK toward $26.50 or even $28.00 in the short term.
๐ Trading Strategy:
For Bulls: Consider entering near $24.00, targeting $25.00โ$26.50, with a stop-loss at $23.50.
For Bears: Look for short opportunities if $24.00 breaks, targeting $23.50, with a stop-loss at $24.50.
LINK is on the verge of a significant move, with focus on the $25.00 resistance. Will Chainlink continue to climb? Stay alert, track volume, and trade confidently! ๐๐น