$LINK /USDT 1D Chart Analysis (May 18, 2025)
The chart shows a breakout from descending channel and successful retest with support at 50 EMA, signaling a strong bullish reversal.
✅ Entry Zone (Current Price: ~$16.32)
🎯 Simple Targets (TP):
TP1: $18.12
TP2: $22.12
TP3: $26.38
TP4: $30.97
❌ Stop-Loss (SL):
SL Level: $14.91
(Below 50 EMA and local ascending channel support)
📈 Trend Summary:
✅ Breakout and retest of falling wedge/descending channel
✅ Above 50 EMA with bullish volume spike
✅ Consolidation appears healthy with breakout potential
🧭 Bias: Bullish continuation📈
