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Chainlink (LINK/USDT)
Current Price: $16.33
Setup Analysis:
Bitcoin Correlation: LINK showing moderate correlation to BTC but with stronger recovery from recent dip
DOM Footprint: Order book analysis shows accumulation at current levels with thin resistance overhead
Liquidity Analysis: Significant liquidity pool above $16.50 with potential for quick move once breached
Technical Structure: Recently bounced from support at $15.77 and forming higher lows on short timeframes
Volume Analysis: 24h volume of 2.25M LINK ($37.32M) with increasing buy pressure
Whale Activity: MEXC exchange showing 26.76M in open interest with recent accumulation
Catalyst: Institutional interest growing with Hashdex filing to add LINK to their Nasdaq Crypto Index US ETF
Trade Plan:
Entry Zone: $16.30-$16.40
(35% capital at $16.33, 15% capital each at $16.28, $16.23, $16.18)
Take Profit Targets: $16.66 (2%), $16.82 (3%), $16.98 (4%), $17.15 (5%)
$LINK
Stop Loss: $15.90 (below recent support)
Risk-Reward Ratio: 1:4.0
Timeframe: 4 hours
Key Invalidation: Break below $15.77 or Bitcoin dropping below $107,000
Current Price: $16.33
Setup Analysis:
Bitcoin Correlation: LINK showing moderate correlation to BTC but with stronger recovery from recent dip
DOM Footprint: Order book analysis shows accumulation at current levels with thin resistance overhead
Liquidity Analysis: Significant liquidity pool above $16.50 with potential for quick move once breached
Technical Structure: Recently bounced from support at $15.77 and forming higher lows on short timeframes
Volume Analysis: 24h volume of 2.25M LINK ($37.32M) with increasing buy pressure
Whale Activity: MEXC exchange showing 26.76M in open interest with recent accumulation
Catalyst: Institutional interest growing with Hashdex filing to add LINK to their Nasdaq Crypto Index US ETF
Trade Plan:
Entry Zone: $16.30-$16.40
(35% capital at $16.33, 15% capital each at $16.28, $16.23, $16.18)
Take Profit Targets: $16.66 (2%), $16.82 (3%), $16.98 (4%), $17.15 (5%)
$LINK
Stop Loss: $15.90 (below recent support)
Risk-Reward Ratio: 1:4.0
Timeframe: 4 hours
Key Invalidation: Break below $15.77 or Bitcoin dropping below $107,000
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