🔥 LINK Trade Suggestion !
This is a 15-minute candlestick chart for LINK/USDT from Binance. Here's a technical analysis along with suggested take-profit (TP) and stop-loss (SL) levels based on recent price action:
Chart Overview:
Current Price: $17.13
24h High: $17.35
24h Low: $16.30
Recent Low (on chart): $16.79
Recent High (on chart): $17.35
Support & Resistance:
Resistance Zone: $17.30 – $17.35 (where price previously reversed sharply)
Support Zone: $16.75 – $16.80 (strong wick rejection, rebound occurred)
Suggested Entry:
Assuming you're looking for a long (buy) trade, current price $17.13 is already in an upward retracement after a dip.
Take Profit (TP):
TP1: $17.30 (near the previous high/resistance)
TP2: $17.35 (aggressive, double-top risk here)
Stop Loss (SL):
SL: $16.79 (below the recent local low and wick)
Risk-Reward Estimate (from $17.13):
TP1 ($17.30): +$0.17 gain | SL ($16.79): -$0.34 loss — Risk:Reward ≈ 1:0.5 (low)
TP2 ($17.35): +$0.22 gain | Risk:Reward ≈ 1:0.65 (still not ideal)
To improve this ratio, waiting for a pullback entry near $17.00 or $16.90 might be better.
