$LINK Preparing for a strong move? The moving averages rebound strategy says yes!
The price is now at $17.14 and the candles indicate ongoing buying pressure.
A positive crossover between MA5 and MA10 supports the rise.
Bollinger Bands are widening as we approach the upper limit → potential breakout!
Is LINK about to target $19?
Keep track of entry points and targets and don’t forget to set stop losses for professional risk management.
Proposed Trading Plan:
Entry Point: $17.25 after a sustained breakout of current resistance.
Targets:
First Target: $18.00
Second Target: $18.60
Third Target (Extension): $19.20
Stop Loss: Below the moving support MA10 at $15.90