🚨 $LINK

/USDT Technical Analysis: Bullish Breakout at New Highs! 🚨

$LINK is currently trading at 27.89, showing an impressive 23.57% increase in the last 24 hours. With the price touching a 24-hour high of 28.26, bullish sentiment is dominating, and LINK is eyeing further upward momentum.

Key Levels to Watch:

1. Resistance 1: 28.50 – Breaking above this level could push LINK further into uncharted territory.

2. Resistance 2: 29.50 – If momentum sustains, this is the next significant target.

3. Support Level: 27.00 – Holding this support is crucial to maintain the current bullish trajectory.

Trade Setup and Targets:

Bullish Scenario: A breakout above 28.50 could lead to targets at 29.50, 30.50, and potentially 31.50 as buying pressure increases.

Bearish Scenario: Failure to hold above 27.00 might result in a pullback toward 26.00 or 25.50.

Recommendation:

Monitor closely for a breakout above 28.50 to confirm the next leg up. Place stop-loss orders near 26.80 to manage risks. The current trend indicates strong buying interest, but volatility is high, so trade cautiously.

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