š LINK/USDT ā Long Setup: Trend Channel Support Bounce
ā° 1-Hour Chart ā Price Rejected at Lower Channel Line
š Current Price: $15.47
š© Entry Zone: $15.40 ā $15.55
(Price has just tested the lower trendline of the ascending channel and bounced with increasing volume.)
šÆ Targets:
TP1: $16.20
TP2: $16.80
TP3: $17.40
š Stop Loss: $14.70
(Tight below the channel support to manage risk)
š Setup Insight:
LINK is holding inside a strong ascending channel. The bounce from support with a bullish engulfing formation and green volume spike suggests a potential reversal to retest mid and upper channel boundaries.
š Confirmation Tip: Entry is stronger if candle closes above $15.55 with steady volume.