$LINK /USDT Technical Analysis & Trade Signals

Current Price: $19.11 (+1.11%)

Trend: Bullish consolidation after recent gains.

Technical Indicators

RSI (14): 62 (Neutral to Bullish)

MACD: Positive, showing upward momentum.

Support Levels: $18.70, $18.43

Resistance Levels: $19.71, $20.20

Trade Setup

Momentum: Positive. LINK is trading above key support and within an upward channel, suggesting further potential upside.

Trade Signals

1. Entry: $19.00 - $19.20 (Wait for a retest of $19.00 if possible).

2. Targets:

šŸŽÆ Target 1: $19.71 (Short-term resistance).

šŸŽÆ Target 2: $20.20 (Breakout potential).

šŸŽÆ Target 3: $21.00 (Extension target in case of strong momentum).

3. Stop Loss: $18.40 (Below recent low and support).

Momentum Indicators

If LINK breaks and holds above $19.71, the momentum could drive it quickly toward $20+.

Watch trading volume; higher volume on the breakout strengthens the move.

Recommendation:

This setup is ideal for short-term swing traders. Stay cautious of broader market conditions and adjust stop loss as price moves in your favor.

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