$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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