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$LINK – Strong upward trend, aiming for the $20 target in the short term

#LINK #PhânTíchKỹThuật #ChiếnLượcGiaoDịch

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Current price: $16.82

24h volatility: -3.21% | 24h High/Low: $17.37 / $16.80  

Chainlink ($LINK) is maintaining a strong upward momentum, surpassing important resistance levels and aiming for the $20 target in the short term. The upward momentum is supported by an increase in trading volume and positive technical signals. 

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Futures trading strategy

Long scenario (Buy)

• Entry: Above $17.00

• Stop Loss: $16.20

• Take Profit 1: $18.50

• Take Profit 2: $20.00

Reason: Surpassing the resistance level of $17.00 with significantly increased trading volume, confirming the short-term upward trend. 

Short scenario (Sell)

• Entry: Below $16.20

• Stop Loss: $17.00

• Take Profit 1: $15.00

• Take Profit 2: $13.80

Reason: Breaking the support level of $16.20 with increased selling pressure, confirming the short-term downward trend.   

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Note: Closely monitor important support and resistance zones, in conjunction with trading volume to determine accurate entry signals.

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