$LINK /USDT Analysis: Potential Move Brewing
Current Price: $22.25
#LINK is currently trading with a solid upward momentum after reaching a high of $22.91 in the past 24 hours. The market is consolidating, with a possible breakout or retracement looming.
Key Levels to Watch
Support Zones:
$21.80: A crucial support level where buyers may step in.
$20.35: Strong support from the recent low, holding this level is essential for a bullish continuation.
Resistance Levels:
$22.91: Immediate resistance. A breakout here could attract more buyers.
$23.50: Key resistance, breaking this could signal further upward movement.
Trade Ideas
For Bulls:
Entry: Consider entering around $21.80 for long positions.
Targets: $22.91 (short-term) and $23.50 (next target).
Stop Loss: Below $21.50 to minimize risk.
For Bears:
Entry: Look for short opportunities if LINK fails to hold $21.80.
Targets: $21.50 and $20.35 for potential downside.
Stop Loss: Above $22.00 for risk management.
Stay vigilant as LINK approaches critical levels!