$LINK /USDT Trading Signal – Eyeing the Next Breakout Above $24

Observation: $LINK /USDT is trading at $23.72, with a 2.68% increase in the past 24 hours. After hitting a high of $23.90, the price is consolidating and showing signs of continued bullish momentum.

Trade Setup

Entry Zone (Long): $23.50 - $23.80

Targets:

1. Target 1: $24.50 (Immediate resistance and psychological level)

2. Target 2: $25.50 (Breakout zone with increased bullish sentiment)

3. Target 3: $27.00 (Extended target if momentum sustains)

Stop Loss: $22.80 (Below recent support to manage risk)

Market Insight:

Support Levels: Strong support at $23.20, providing a stable base for upward momentum.

Resistance Levels: Breaking $24.00-$24.50 will be key for the next leg up, with the $25.50 target likely if volume continues to rise.

Trend Analysis: Chainlink’s fundamentals and growing adoption in infrastructure projects support a sustained bullish trend.

Pro Tip:

Take partial profits at each target and use a trailing stop loss to lock in gains while allowing the trade to capture extended moves.

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