$LINK Rebound Gains Traction: Can Bulls Flip Resistance?
$LINK is trading at $14.62, recovering from a low of $14.46 as buyers attempt to reclaim lost ground. With price now testing a key resistance zone, the next move could define the short-term trend.
Key Levels to Watch:
• Resistance Zone: $14.65 – $14.80
A breakout here could open the door toward:
• TP1: $15.00
• TP2: $15.20
• Support Zone: $14.50 – $14.40
If rejection occurs, a move lower could target:
• TP1: $14.20
• TP2: $13.90
Trade Setup: Testing the Breakout Zone
• Bullish Scenario: A sustained close above $14.65 with increased volume could confirm breakout momentum.
• Bearish Scenario: A failure to hold above $14.50 may lead to renewed selling pressure.
• Stop-Loss Guidance: SL below $14.38 for longs; above $14.80 for shorts depending on positioning.
Bulls are pressing, but resistance is thick—stay alert for the breakout trigger.