🚀 $LINK Trade Setup: Consolidation Phase with Potential Upside! 🚀
📉 Current Price: $22.46 (-4.99%)
$LINK is recovering from its recent low of $21.53 after a sharp correction from $24.94. The price action suggests a potential reversal in the short term if momentum builds.
📊 Trading Plan:
Signal: Long
Entry Zone: $22.20 - $22.50
Target 1 (TP1): $23.50
Target 2 (TP2): $24.50
Stop Loss (SL): $21.50
🔥 Key Insights:
1️⃣ LINK is attempting to break out of the consolidation zone after forming support at $21.50.
2️⃣ A sustained move above $22.50 could lead to a retest of $23.50 resistance.
3️⃣ The key level to watch is $24.50—a breakout here may signal a return to bullish momentum.
💡 Pro Tips:
Partial Profit Strategy: Lock in profits at $23.50 and aim for $24.50 if momentum continues.
Risk Management: Move your stop loss to breakeven after the price clears $23.50.
Monitor volume to confirm breakout strength.
📈 "Patience is key—let the setup work for you!"