$LINK /USDT Technical Analysis & Trade Signal ๐ฏ
Current Price: $27.39
Support Levels: $26.50, $25.80
Resistance Levels: $28.50, $29.20
Indicators Analysis
Parabolic SAR (0.02, 0.2): Bearish momentum as price trades below $26.56.
RSI: Hovering near 45, suggesting neutral to slightly bearish momentum.
Moving Averages: Price below 50 EMA indicates short-term bearish sentiment.
Volume: Decreasing, signaling low buying pressure.
Trade Signal:
Trend: Neutral to Bearish in the short term.
Entry:
Long above $27.80 (if resistance breaks).
Short below $26.50 (if support fails).
Targets for Long Trade:
๐ฏ Target 1: $28.50
๐ฏ Target 2: $29.20
๐ฏ Target 3: $30.00
Targets for Short Trade:
๐ฏ Target 1: $26.00
๐ฏ Target 2: $25.50
๐ฏ Target 3: $24.80
Stop Loss:
Long Trade: Below $26.50
Short Trade: Above $27.80
Momentum Insight
LINK is showing bearish momentum below $27.50. A breakout above $27.80 could trigger bullish momentum, targeting resistance at $28.50.
If selling pressure continues, LINK may test support at $26.50 and potentially fall toward $25.80.
Strategy:
Monitor volume and RSI for confirmation of breakout or breakdown.
Place trades cautiously as the market is in a consolidation phase with potential volatility.