๐๐๐๐๐ก๐๐๐ก๐ ๐๐ง ๐๐ฅ๐ข๐ฆ๐ฆ๐ฅ๐ข๐๐๐ฆ โ ๐๐ฆ $๐ฎ๐ฑ ๐ง๐๐ ๐ก๐๐ซ๐ง ๐ฆ๐ง๐ข๐ฃ ๐๐ ๐๐ฅ๐๐๐๐ข๐จ๐ง ๐๐ข๐ก๐๐๐ฅ๐ ๐ฆ?
๐งฑ Current Structure
Price Range: LINK is trading just above $13, holding firm above long-standing support at $11.50โ$12.00
Resistance Zone: A falling trendline from early 2025 is capping upside. A break above this line would change the short-term structure to bullish
Chart Pattern: A descending triangle is forming โ usually bearish, but when paired with accumulation, it can surprise to the upside
๐ Key Technical Indicators (Simplified)
๐น RSI: Currently climbing toward neutral/bullish territory โ showing buyers returning after oversold conditions
๐น 50-Day MA: LINK is testing its 50-day moving average โ a breakout and close above it is often a bullish signal for trend reversal
๐น Volume: Increasing around the $12 support, suggesting smart money accumulation rather than panic selling
๐ฏ What Traders Should Watch Next
โ Bullish Scenario:
A clean breakout above the descending trendline (around $13.50โ$13.80) with strong volume could ignite a move to:
Target 1: $16.50
Target 2: $18.00
Target 3: $25.00
โ๏ธ Bearish Scenario:
Failure to break above $13.80 followed by a drop below $11.50 support = bearish continuation
Next supports: $10.40 and $9.80 zones
Watch for heavy volume on breakdown for confirmation
๐ TL;DR โ LINK Trade Plan Summary
๐น Holding above $12 = bullish signal
๐บ Breakout zone to watch: $13.50โ$13.80
๐ฏ If breakout holds: $16.50 โ $18.00 โ $25 possible
๐ Invalidated if price falls below $11.50 with strong selling pressure
๐ Wait for a daily close above resistance for strong confirmation
๐ง Pro Tip for Traders
โDonโt chase the breakout. Let the candle close above resistance. Volume confirmation + bullish RSI will make the move more reliable.โ