🌞Technical Analysis $LINK

🔥Overall Trend:

The price is in a medium-term uptrend, reflected by higher highs and higher lows. Currently, the price is fluctuating around a strong resistance area near 28.3 after breaking through the 24 level.

🔥Technical Indicators:

RSI: The RSI is currently around 61.45, indicating an overbought region but no strong reversal signals yet. Pay attention if the RSI drops below 50, as the likelihood of a correction will increase.

EMA or MA Lines: These lines are positioned below the price, indicating that the uptrend remains dominant. The distance between the EMA/MA lines and the price may signal a potential short-term correction.

🔥Important Support and Resistance:

Resistance: The 28.3 - 28.5 area is a crucial price level that needs to be surpassed to continue the uptrend. Support: The 24 - 25 area is strong support if the price corrects. The nearest support is around 26.5.

💰Trading Plan:

⭐Scenario 1: Breakthrough Resistance 28.5

Condition: Price surpasses the 28.5 resistance level with high trading volume.

Strategy: Buy at the price range of 28.5 - 29,

targets at: Target 1: 31.

Target 2: 35.

Stop Loss: 27.5.

⭐Scenario 2: Price Corrects to Support

Condition: Price fails to exceed the 28.5 area and drops to support.

Strategy: Wait to buy at the 26.5 - 27 range.

Target 1: 28.5.

Target 2: 30 if the price continues to rise.

Stop Loss: Set stop-loss at 25.8 USDT.

⭐Scenario 3: Reversal Trend

Condition: Price breaks through the important support of 24 USDT.

Strategy: Switch to Short when the price breaks the support with high volume.

Target 1: 22.

Target 2: 20.

Stop Loss: Set stop-loss above 25.