$LINK UP +4.7% BUT FACING SHORT-TERM FRICTION NEAR $17.50
$LINK is currently trading at $17.33, showing a steady +4.78% daily gain. After testing the $17.47 high, price is now coiling just below key resistance levels. Buy-side pressure remains dominant at 60.18%, but a breakout confirmation is still required for continuation.
Key Levels to Watch
• Resistance Zone: $17.50 – $17.80
A breakout here could open the door to:
• TP1: $18.00
• TP2: $18.40
• Support Zone: $17.10 – $17.25
A break below this range could lead to a pullback toward:
• TP1: $16.75
• TP2: $16.43
Trade Setup – Coiled and Ready for Action
• Bullish Entry: Above $17.50 with volume confirmation
• Bearish Entry: Below $17.10 with downside momentum
• Stop-Loss: Below $17.00 for longs / Above $17.60 for shorts
Volume is moderate at 20.87K, and price structure is tightening—watch closely for a sharp breakout or breakdown from this consolidation zone.
