🚨 TECHNICAL ANALYSIS OF $LINK 🚨
🟢LONG TRADE STRATEGY🟢
⭕CONFIRMATIONS:
✅Price breaks above EMA(100) and closes above it.
✅RSI(6) is currently 78.69, indicating an overbought condition, wait for a minor pullback for a safer entry.
⚡IDEAL ENTRY ZONE: On a pullback to the $14.40 - $14.50 range, especially near EMA(50) or EMA(100) acting as support.
⭕ TARGETS:
🎯 Target 1: $14.76
🎯 Target 2: $15.00 (psychological level & resistance)
🎯 Target 3: $15.22 (previous resistance seen on the chart)
⚠️ STOP LOSS: Below $14.30, just under the EMA cluster
🔴SHORT TRADE STRATEGY🔴
⭕CONFIRMATIONS:
✅RSI is overbought (above 78), potential reversal zone
✅Price fails to hold above $14.60-$14.70 and shows bearish candlestick patterns (e.g., bearish engulfing)
⚡ ENTRY ZONE: Between $14.65 - $14.75, near resistance levels
⭕ TARGETS:
🎯 Target 1: $14.37
🎯 Target 2: $14.07 (previous minor support)
🎯 Target 3: $13.83 (recent swing low)
⚠️ STOP LOSS: Above $14.85
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