š $LINK /USDT ā Sideways Calm Before the Next Move? ā”š
LINK is trading at 13.15, showing signs of consolidation after dropping from 15.66. It's hovering near the 7 EMA (13.13), but still well below the 25 and 99 EMAs, suggesting downward momentum is cooling but not reversed.
Current Outlook: A base seems to be forming above 12.75 support. Short-term range-bound trading expected between 13.00ā13.30 unless volume spikes.
LONG Setup: Entry around 13.10ā13.20, targets at 13.45 and 13.85, stop-loss at 12.95
SHORT Setup: Entry around 13.30ā13.40, targets at 13.00 and 12.75, stop-loss at 13.55
Summary: Wait for a breakout above 13.30 or breakdown below 13.00 for confirmation. Until then, LINK may stay range-bound.