$LINK

Technical Analysis:

1. Price Action:

Current Price: $17.23

24h High/Low: $17.24 / $16.30

Price recently rebounded from a local low of $16.03 and is pushing toward the 24h high.

The uptrend resumed after a pullback and consolidation.

2. Moving Averages (MAs):

MA(7): $17.03

MA(25): $16.81

MA(99): $16.02

Price is trading above all MAs, showing renewed bullish momentum.

MA(7) > MA(25) > MA(99) = classic bullish structure.

The moving averages are tightening and sloping upward — suggesting continuation potential.

3. Volume:

Volume is healthy but not spiking. This suggests organic buying pressure rather than a short squeeze or hype-driven rally.

Watch for volume increase at breakout levels (above $17.24) for confirmation.

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Spot Trading Signal Setup:

Signal Type: Bullish Breakout (Pending Confirmation)

Entry Zone:

Aggressive Entry: Current price ~$17.23 if volume increases and $17.24 is broken with conviction.

Conservative Entry: Wait for breakout and close above $17.30–17.40 on 1H candle.

Stop-Loss:

Below $16.80 (just under MA(25) and recent swing structure)

Target Levels:

TP1: $17.80

TP2: $18.40

TP3: $19.00+ (psychological resistance)

Risk-Reward Ratio:

Approx. 1:2 to 1:3, depending on entry point.

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Conclusion:

LINK/USDT is setting up for a potential breakout, supported by a bullish MA structure and recent upward momentum. A strong push above $17.24 with increased volume would confirm the breakout. Ideal for spot swing traders watching for trend continuation.