$LINK /USDT Technical Analysis and Trade Signal🎯🎯🎯

Current Price: $24.61

Market Sentiment: Slightly Bearish Momentum

Trend: Short-Term Downtrend

Technical Indicators:

RSI: 38 (Indicating oversold conditions, potential for reversal)

MACD: Bearish, with negative momentum continuing.

EMA (Exponential Moving Average): Price is trading below the 50 and 200 EMA, indicating bearish sentiment.

Support Level: $24.38 (24h Low)

Resistance Level: $25.99 (24h High)

Trade Signal:

Sell/Short Position

Entry Point: $24.61

Stop Loss: $25.99 (Above recent resistance)

Target Levels:

1. Target 1: $24.20 (First Support Test)

2. Target 2: $23.70 (Next Key Support)

3. Target 3: $23.00 (Final Target for Major Drop)

Trade Momentum:

Bearish Momentum: The price has been declining and the market shows a consistent downward trend. RSI indicates oversold, but the momentum is still negative as shown by MACD.

Volume Analysis: The trading volume is relatively low, but the selling pressure seems to dominate the market. Volume spikes could indicate trend reversal or continuation.

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