$LINK / USDT Showing Resilience on Binance: Potential for Upside! 🔗
$LINK is currently trading at $11.00 on Binance, demonstrating a potential recovery after recent selling pressure. While down -6.70% today, the 4-hour chart shows a +3.00% increase in the current period to $11.00.
Despite the negative daily performance and broader downtrend over the past month, the recent price action suggests buyers are stepping in. Key levels to watch:
Potential Entry: Around the current price of $11.00.
Immediate Resistance: Keep an eye on the $11.50 level. A break above this could signal further bullish momentum.
Next Target: If the recovery gains traction, the $12.00 mark could be the next significant target.
Key Support: The $10.50 level appears to be acting as important near-term support. Holding above this is crucial for any bullish outlook.
Stop-Loss Consideration: Depending on your risk tolerance, consider placing a stop-loss below the recent low.
Technical Insights: The 4-hour chart shows a potential bottoming pattern forming. Monitor trading volume and candlestick formations for confirmation of a sustained upward trend.
Disclaimer: Cryptocurrency trading involves significant risk. This is not financial advice. Always conduct your own thorough research before making any investment decisions.
Stay informed and trade with caution!
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