$LINK /USDT Technical Analysis & Trade Signal๐ฅ๐ฅ๐ฅ
Current Price: $21.29 (-14.81%)
Market Momentum: Bearish
LINK is facing a significant downtrend, breaking below key support levels. A recovery might follow if it consolidates above $20.00, but caution is advised as selling pressure remains dominant.
Support & Resistance Levels:
Key Support: $20.00 (Critical level to watch)
Resistance Levels: $22.50, $24.00
Trade Signal:
Trade Type: Short-Term Long Position (High Risk)
Entry Zone: $20.50 โ $21.00
๐ฏ Target Levels:
Target 1: $22.50
Target 2: $24.00
Target 3: $25.50
Stop-Loss: $19.80 (below critical support)
Momentum Indicators:
RSI: Oversold zone (~30), signaling a potential bounce.
MACD: Bearish crossover but showing slight recovery signs.
Volume: Increasing selling volume, indicating caution.
Strategy: Watch for a breakout above $22.00 with strong volume for confirmation of reversal. If LINK drops below $20.00, avoid entry as it could head toward the $18.00-$19.00 zone.
