$LINK /USDT Trading Signal â Testing Key Resistance
Current Price: $20.20
24h Price Change: +0.90%
Market Overview
$LINK /USDT has shown positive movement, bouncing from its 24h low of $19.81 to test higher resistance levels. Despite the rejection at $20.69, the pair remains in a short-term uptrend, consolidating near $20.20.
Key Levels to Watch
Resistance Levels: $20.40, $20.69 (24h high)
Support Levels: $20.00, $19.80
Trading Strategy
Entry Range: $20.15 - $20.25
Targets:
Target 1: $20.40
Target 2: $20.60
Target 3: $20.70
Stop Loss: $19.80
Technical Insights
Trend: Bullish consolidation after a rejection at resistance.
Volume: Increasing during the rally, supporting potential upside momentum.
Potential Market Behavior
A break above $20.40 could see
$LINK retesting $20.69 and potentially forming new highs. However, failure to hold $20.00 support might lead to a deeper correction toward $19.80.
Monitor for a breakout above $20.40 or sustained consolidation near $20.20.
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