$LINK

LINK Price Analysis

Brothers, LINK's recent trend resembles a tug-of-war, with bulls and bears unwilling to back down. The surge on December 23 broke through the 20-day moving average ($24), giving bulls a glimmer of hope, but whether this can be sustained depends on a few key points!

Short-term observation: Range oscillation, with $20 and $27.3 in focus

The 20-day moving average is flattening, and the RSI is slightly above the midpoint, indicating a neutral market sentiment. LINK may oscillate between $20 and $27.3 for a few days.

Within the oscillation range, patiently wait for the market direction to become clear. A breakthrough above resistance or a drop below support will provide clear trading opportunities.

Bearish strategy: Break below $20, targeting $16

If LINK breaks below the $20 support level, it will complete a bearish head and shoulders pattern, and bears are likely to gain momentum, targeting $16 directly.

After confirming the breakdown, consider opening a short position, set a stop-loss, and follow the downward trend.

Bullish counterattack: Break above $27.50, targeting $31

If the price breaks and closes above $27.50, the bulls' hopes will significantly increase, potentially pushing LINK towards the $31 resistance level.

The long position strategy can enter after breaking the resistance, waiting for the price to pull back for confirmation before adding positions, focusing on stability.

In the current oscillation pattern, both bulls and bears are evenly matched, and the key lies in whether the price can break through or fall below the range. Don't rush to enter the market; patiently wait for a clear signal from the market!