Letās unpack the latest on $LINK as it heads toward a major moveāwith a friendly tone, clear structure, and smart risk managementāSquare-style! š
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š Market Snapshot
Current Price: Around $14.30ā$15.20, showing steady strength after a long consolidation period .
Chart Breakout: $LINK recently broke out of a descending channel on the 4H chartāa classic bullish signal targeting roughly $17.73 .
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š Technical Levels & Targets
Bullish Scenario
Support: ~$14.40 now acting as a critical base .
Targets:
TP1: $15.65 ā near local resistance/gap .
TP2: ~$17.73 ā channel breakout projection .
Bearish Watchpoint
Potential pullback: Overbought indicators (Stochastic RSI elevated) could trigger short-term dips .
Key support levels: $12.73 and $11.91āwatch for breakdowns below those .
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ā ļø Short Opportunity?
A recent post signals a possible reversal as $LINK hit resistance near $15.20ā$15.21, forming a bearish candle and slipping below the 7MAā99MA convergence zone .
Potential short setup:
Entry: $15.13ā$15.18
TP Zone: $14.65ā$14.95
SL: $15.32
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š§ Strategy / Trade Map
Scenario Setup Entry/SL Targets
Bullish Follow-through after breakout Enter near $14.40ā$14.80, SL below $12.73 TP1: $15.65 ā TP2: $17.73
Bearish Short on rejection and breakdown Short between $15.13ā$15.18, SL at $15.32 TP1: $14.95 ā TP2: $14.65
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š§ Risk Notes
āļø Always use stop-lossesākey supports are $14.40 (for bulls) and $15.10 (for shorts).
š Monitor the 7MAā99MA zone ($15.10ā$15.20) for reversal signals.
š Overbought RSI could trigger some retracement before a bigger move.
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š” Square Tips
1. Engage with visuals: If you're sharing in Square, include the breakout channel and key MAs.
2. Be transparent: Lay out your entry, SL, and TP logic.
3. Stay square: No hypeājust disciplined trading, data-driven decisions, and respect for community guidelines.
4. Ask & discuss: Whatās your take? Are you going long off $14.40 or short off the rejection?
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ā Final Take
$LINK is at a crucial crossroads. The breakout from the descending channel supports a bullish move to ~$17.70ābut if momentum fades near $15.20, a pullback or short may unfold.
Trade smart, follow your plan, and always manage your risks. Share your setup, questions, or insights belowāweāre in this together! š¬
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