$LINK /USDT Analysis: Potential Move Looming
Current Price: $22.25#LINKis currently trading with strong bullish momentum after reaching a high of $22.91 in the last 24 hours. The market is consolidating, with a breakout or correction possible.
Key Levels to Watch
Support Zones:
$21.80: Critical support level where buyers may step in.
$20.35: Strong support from the recent low, holding this level is essential for the upside to continue.
Resistance Levels:
$22.91: Immediate resistance. A breakout here may attract more buyers.
$23.50: Key resistance, a break of which may indicate further upside movement.
Trading Ideas
For Bulls:
Entry: Consider entering at $21.80 for long positions.
Targets: $22.91 (short term) and $23.50 (next target).
Stop Loss: Below $21.50 to reduce risk.
For Bears:
Entry: Look for selling opportunities if LINK fails to hold $21.80.
Targets: $21.50 and $20.35 for potential downside.
Stop Loss: Above $22.00 to manage risk.
Stay alert as LINK approaches critical levels!