$LINK is currently trading around $8.53, holding above the critical $8.00 psychological support after a prolonged downtrend from the $12 region. The 4H chart shows a clear accumulation structure forming between $8.00 – $9.20, with price printing higher lows after sweeping liquidity near $7.11. Volatility has compressed, signaling that a strong breakout move is approaching.
📊 Key Levels to Watch
🟢 Major Support: $8.00 – $7.80
🔵 Range Resistance: $9.10 – $9.30
🚀 Breakout Target 1: $10.20
🚀 Breakout Target 2: $11.30
❌ Invalidation Zone: Daily close below $7.70
📈 Bullish Scenario
If $LINK reclaims and holds above $9.30, momentum buyers may step in aggressively. A confirmed breakout could trigger short liquidations, fueling a fast push toward $10.20+.
📉 Bearish Scenario
Failure to hold $8.00 opens the door for another liquidity sweep toward $7.50–$7.20 before any meaningful reversal.
⚡ Trader Insight:
Market structure suggests accumulation — smart money typically builds positions during low volatility phases. A breakout from this range could deliver a high R:R opportunity.
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
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