$LINK
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Technical analysis:
- Support and resistance:
- Support: The nearest support level is around $23.00, where the price may find stability if a correction occurs.
- Resistance: The next resistance level is expected around $27.41, according to recent analysis.
- RSI Indicator: The RSI index is currently showing signs of negative divergence, indicating that upward momentum is weakening and may lead to a price correction in the short term.
Trading strategy:
- Buy area (Entry):
- Consider buying when the price corrects to the support area of $23.00 - $24.00, where it may provide a safer entry point.
- Sell area (Entry for Short orders or taking profit):
- If the price approaches the resistance area of $27.41 and shows signs of reversal, consider selling or taking profit.
- Take profit (Take Profit - TP):
- **TP1:** $26.00 - A level close to resistance, where the price may encounter selling pressure.
- **TP2:** $27.41 - The expected resistance level.
- Stop loss (Stop Loss - SL):
- Set SL below the support level of $22.00 to minimize risk if the price continues to decline.
Important note:
- The cryptocurrency market is highly volatile; therefore, risk management and adherence to trading principles are very important.
- Always stay updated on market information and monitor technical indicators to adjust strategies in a timely manner.
- The information above is for reference only and should not be considered as investment advice. Please research and consider carefully before making trading decisions.#BTC☀ #LINK🔥🔥🔥 $BTC