$LINK
/USDT Technical Analysis & Trade Strategy🎯🚀
Current Price: $25.66
Trend: Bullish (+6.21% over 24h)
Technical Indicators Overview:
1. Moving Averages (MA/EMA):
50-Day MA: Support near $22.00.
200-Day MA: Strong support near $18.50, indicating a bullish trend.
2. Bollinger Bands:
Upper Band: Around $27.00 (resistance).
Middle Band: $24.00 (support).
3. MACD:
MACD Line > Signal Line: Positive momentum.
Histogram shows increasing bullish strength.
4. Parabolic SAR:
Dots are below the price, confirming an uptrend.
🎯 Trade Strategy & Target Levels:
1. Entry Point:
Buy Zone: $24.50 - $25.30 (pullback near the middle Bollinger Band).
2. Stop-Loss:
Set stop-loss at $23.00 (below recent support).
3. Targets:
Target 1: $27.50 (near recent resistance and upper Bollinger Band).
Target 2: $30.00 (psychological level and next resistance).
Target 3: $33.50 (historical resistance, potential breakout zone).
Risk-Reward:
Risk: $23.00 (Stop-Loss)
Reward:
Target 1: $27.50 → ~7% Gain
Target 2: $30.00 → ~17% Gain
Target 3: $33.50 → ~30% Gain
Trading Tip:
Monitor volume; increasing volume on upward moves supports the bullish scenario.#2024withBinance
Adjust stop-loss to break-even once Target 1 is reached.