$LINK

The price regains the level of $16.00

Strong support from the convergence of the exponential moving average

The price of $LINK bounced off its two exponential moving averages (25) and (99) near $15.70, regaining its upward momentum. The price approaches the resistance level of $16.20 with strong trading volume and a directional structure.

Trading setup:

• Entry point: $16.05 - $16.10

• Stop loss: $15.74

• Take profit: $16.20 / $16.45

• Margin: 2-3% of capital

• Leverage: 10 times

Market outlook:

If the price of LINK breaks the level of $16.20 and stabilizes above this level, it is likely to see further upward movement towards $16.45. Maintaining a level above the exponential moving averages keeps the bullish structure intact.