$LINK - Potential Bullish Reversal in Play?

Price Action Update:
Current Price: $21.49

After a bearish pullback within a descending channel, $LINK/USDT is showing signs of consolidation near the lower boundary. This area could act as a potential pivot for a bullish reversal.

Key Levels:

Entry Zone for Long Position: $21.30 - $21.70
Next Target (TP): $23.40 - $23.80
Stop Loss: $20.85

Observation:
The price is testing the lower trendline, which could serve as a support for an upward movement toward the next resistance at $23.40. A breakout from the descending channel would confirm bullish momentum.

Trading Tip:

Consider partial profit-taking near $23.40 and trail stop losses to secure gains as the price approaches key resistance levels.

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