$LINK /USDT - Potential Reversal in Sight

Chainlink (LINK) is recovering from its recent low of $22.37, indicating a possible bullish reversal. The current price action shows signs of upward momentum, with room for further gains if key resistance levels are broken.

Key Levels:

Immediate Resistance: $23.75

Target 1: $24.75

Target 2: $25.99

Stop Loss: $22.80 (below recent support)

Actionable Insight: A breakout above $23.75 can confirm further bullish momentum, providing an opportunity to aim for higher targets. Entry near the current price of $23.64 could be considered with a favorable risk-reward ratio. Secure partial profits at Target 1 and monitor for resistance near Target 2. Adjust stop loss to breakeven as the price progresses.

Stay alert to market dynamics and manage your position effectively.

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