Chainlink (LINK) is currently retesting the 0.5 Fibonacci retracement level (~$16) on the daily chart, offering a promising long entry. There's still potential for a deeper pullback into the golden zone (0.618–0.65 Fib) near $15, which could serve as a second entry to average in.
This is a high R:R setup, ideal for spot buyers or swing traders looking to accumulate before a possible move higher.
🔹 Entry Zone: $16 (initial) | $15 (golden zone)
🔹 Stop-loss: Just below the previous higher low
🔹 Target: All-Time High (hopium target 🌕)
🔹 Risk-to-Reward: ~15:1
BTC is currently holding key support in the $102K–$104K range. If this level holds, LINK could be bottoming here before the next leg up.
Now might be a strategic time to enter or scale your position before strength returns.