1-Hour Timeframe
Support Levels:
12.20 USDT: This is a recent intraday support level where buyers have stepped in.
11.80 USDT: A more substantial support level that aligns with previous lows, making it a key level to watch if the price pulls back.
Resistance Levels:
12.55 USDT: Immediate resistance where the price is currently facing selling pressure.
12.90 USDT: A higher resistance level if LINK breaks above 12.55 USDT. This is where selling pressure may increase.
13.15 USDT: An extended target if momentum continues upward, potentially serving as a strong resistance.
4-Hour Timeframe
Support Levels:
12.00 USDT: A strong support level where buyers have historically shown interest. If broken, it could lead to a deeper pullback.
11.50 USDT: This level has served as a significant floor in the past and may act as strong support.
Resistance Levels:
12.55 USDT: A key resistance level that coincides with the 1-hour chart. A breakout here could push LINK higher.
13.60 USDT: If the price clears 12.55 USDT, this is the next major resistance level that aligns with previous highs.
15.07 USDT: An extended resistance level where the price could potentially reach if bullish momentum continues.
Daily Timeframe
Support Levels:
11.50 USDT: This is a critical support level, marking the bottom of the recent consolidation range. A break below could signal a more extended bearish trend.
10.92 USDT: The major support level highlighted on your chart. This is a crucial area where buyers have shown significant interest in the past.
Resistance Levels:
12.55 USDT: A daily resistance level where the price is currently testing. If the daily candle closes above this level, it could indicate further upside potential.
13.60 USDT: The next significant resistance level that aligns with previous highs.
15.07 USDT: A strong resistance level and potential target for a bullish breakout on the daily chart.
Summary
On the 1-Hour Chart: Watch for a breakout above 12.55 USDT or a pullback to 12.20 USDT.
On the 4-Hour Chart: Key levels to watch are 12.00 USDT for support and 13.60 USDT for resistance.
On the Daily Chart: 12.55 USDT is crucial; a break above this could lead to a move towards 13.60 USDT and possibly 15.07 USDT.
These levels provide a roadmap for trading or analyzing LINK across different timeframes. Always consider using stop-loss orders and keeping an eye on volume to confirm the strength of breakouts or reversals.
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