$LINK Bullish Spike or Fakeout? Crucial Resistance in Play!
$LINK has surged to $13.34, climbing over +11.63% on the day. A massive bullish candle has pushed price to test resistance near $13.40—but now it’s stalling. Is this the start of a breakout or the top of a trap?
Key Levels to Watch:
• Resistance Zone: $13.40
• Breakout Target: $13.70
• Support Zone: $13.10 – Holding this level is key for bulls.
Trade Setup – 15M Momentum Play
Bullish Breakout Setup:
• Entry: Above $13.40
• Target 1: $13.65
• Target 2: $13.85
• Stop Loss: $13.10
Bearish Reversal Setup:
• Entry: Below $13.10
• Target 1: $12.80
• Target 2: $12.45
• Stop Loss: $13.40
Volume spike supports the move, but price is now compressing. Wait for confirmation above $13.40 or failure at $13.10 before jumping in. This could lead to fireworks either way.