$LINK /USDT Binance 1D Analysis š
Market Insights:
The price of $LINK has experienced a decline of -5.54% but is holding above a critical support zone around $21.50 - $22.00. The price has recovered by +104.78% over the past 180 days, showing long-term bullish momentum. Currently, LINK is facing resistance near the $24.00 level, and a break above this could lead to a continuation of the upward trend. However, the immediate trend is showing a minor pullback, with support near $21.50.
Trade Setup:
šµ Spot/Long Setup:
Entry Zone: $21.50 - $22.50
Targets: $24.00 | $26.00 | $28.00
Stop Loss: $20.50
š“ Short Setup:
Entry Zone: $24.00 - $25.00
Targets: $22.00 | $20.50
Stop Loss: $26.00
Leverage:
Futures Traders: Use 5x leverage to optimize potential gains while managing risk.
Next Move:
If $LINK holds above the $21.50 level and volume confirms support, we could see a push back to $24.00 - $26.00. If the price fails to recover, a deeper pullback toward $20.00 could be in play.
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