$LINK SIGNAL!!!
Ripple's integration of Chainlink's price feeds to expand RLUSD adoption is boosting the utility of stablecoins, potentially increasing market interest in Chainlink ( $LINK ). Currently, LINK is at a critical support zone of $20.50-$21.50, historically a strong buying area.
Signal for $LINK :
📉 Short Position:
Entry: Around $20.50-$21.50 (only if support breaks).
Stop Loss: $22.00 (tight to reduce risk).
Target: $19.00 (previous low).
📈 Long Position:
Entry: Above $23.00 (confirmed breakout with volume).
Stop Loss: $21.50 (below key support).
Target: $25.00-$26.00 (next resistance).
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Short sellers should tread carefully, keeping a tight stop loss due to the high likelihood of a reversal. For long positions, wait for a breakout above $23.00 with strong volume to confirm upward momentum.
With market volatility high, prioritize risk management and wait for clear technical signals before making moves.
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(Chart by Hesham07)