๐ง $LINK Technical Analysis:
๐ Current Price: $16.30
๐ผ 24H Change: +5.84%
๐ 24H High: $16.35
๐ป 24H Low: $15.39
๐ Chart Analysis
โ Trend: Bullish Short-Term
Price has formed higher highs and higher lows since $14.85.
Strong bullish momentum seen as it broke past resistance at $15.77.
Currently testing recent local resistance at $16.35.
๐ Support & Resistance
Immediate Resistance: $16.35 (Needs to break and close above this level for further continuation)
Next Resistance Zone: $16.70 โ $17.00
Support Levels:
Minor: $15.77 (recent breakout zone)
Strong: $15.10 โ $15.40
๐ Volume & Moving Averages
Volume Spike: Volume increased sharply during the breakoutโsupports bullish move.
MA(5) & MA(10): Price is trading above both moving averages = Short-term uptrend confirmed.
๐ Trade Prediction Strategy
๐ต Bullish Continuation Setup:
If price breaks and closes above $16.35 with volume:
Entry (Buy): $16.40 โ $16.45
Target 1: $16.80
Target 2: $17.00
Stop Loss: $15.90 (below last strong candle base)
๐ด Rejection Scenario (Short-Term Pullback):
If price fails to break $16.35:
Wait for pullback entry near $15.80 โ $15.90
Look for bullish reversal candles near support zone for safe re-entry.
๐ Risk Management
Risk-to-Reward: Minimum 1:2 recommended
Position Sizing: 1โ2% of capital per trade
Market Sentiment: Currently neutral to bullish (52% buy vs 48% sell pressure)
๐ Final Verdict:
> LINK/USDT is showing strong short-term bullish signals. A confirmed breakout above $16.35 could lead to continuation toward $17.00. However, a minor pullback to $15.80 is also possible before the next leg up.