$LINK /USDT: š POISED FOR A BREAKOUT OR PULLBACK? š
The chart for $LINK /USDT on Binance reveals a strong bullish movement. The price is currently at $25.99, marking a 3.38% increase. With a 24-hour high of $26.03 and a low of $24.44, the pair has shown significant volatility. The trading volume for LINK stands at 5.20M, while for USDT, it is 130.17M. The price recently broke through a key resistance level at $25.50, indicating potential for continued upward momentum. The EMA 50 is providing robust support, suggesting that the bullish trend may continue.
š Trade Scenarios:
- Bullish Scenario: If the price continues to rise, the next target (TP) could be around $26.50. Set a stop loss (SL) at $25.00 to manage risk.
- Bearish Scenario: If the price reverses, it might retest the support level around $25.00. In this case, consider setting a TP at $24.50 and an SL at $26.00.
š Market Outlook:
The overall market sentiment remains bullish, with strong buying pressure pushing the price higher. Traders should watch for any signs of reversal or consolidation around the current levels. If the bullish momentum continues, we could see new highs in the coming sessions.
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