🔔 Trade Signal – Chainlink (LINK)

🪙 Coin: LINK (Chainlink)

💵 Entry Range: $12.70 – $13.00

🎯 Target: $14.00 – $14.50

🛑 Stop Loss: $12.20

⏳ Timeframe: 2–5 Days

⚠️ Risk Level: Medium

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📊 Technical Justification

1. Support Zone Test: LINK is currently bouncing off the critical support range near $12.49–$12.70—this served as a base during recent correction .

2. Chart Structure: A falling wedge on the 4‑hour chart is forming near $12.40–$12.60—a bullish reversal pattern .

3. Momentum Shift: RSI hovering just above 30–40 suggests neutral/bullish conditions; MACD is flattening—signaling easing bearish momentum .

4. Resistance Breakout Potential: A move above the $13.43–$14.00 zone could trigger a rally toward $15–$16, matching previous breakout levels .

5. Oscillator Support: Multiple oscillators show a mix of buy/neutral signals—indicating consolidation and readiness for upside movement .

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✅ Trade Plan

Entry: Buy between $12.70–$13.00, ideally on confirmation of bounce from support or wedge breakout.

Stop Loss: Set at $12.20 (roughly 4% below entry), guarding against deeper drops.

Targets:

$14.00 (first resistance)

$14.50 (potential rally zone)

Stretch: next breakout could reach $15–$16 if momentum holds.

Timeframe: Expect trades to play out in 2–5 days as market tests resistance levels.

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⚠️ Risk Considerations

A breach of $12.20 invalidates the wedge reversal, risking further drop toward $12.

Stay alert around upcoming crypto news or broader market sell-offs that could affect altcoins like LINK.

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