📈 LONG SETUP: #LINKUSD | $LINK | 1W
Chainlink is heating up and showing serious bullish potential on the weekly timeframe. Here’s why it might be one of the biggest altcoin breakouts coming soon 🚀
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🔹 Current Situation:
LINK is currently trading around $19.40–$19.60
Weekly structure looks solid — higher lows forming, bullish momentum building
Price is approaching a major weekly breakout level at $20.00
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🔹 Why I'm Bullish:
Weekly candle is coiling tightly, prepping for a strong breakout
Volume is increasing steadily — early signs of accumulation
Chainlink just got tied to regulatory credibility (SEC Crypto Task Force involvement)
Altcoins are rotating in hard as Bitcoin dominance drops
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🛒 Entry Plan:
Breakout Entry: Enter after a weekly candle closes above $20.00
Dip Entry: Place laddered buy orders around $19.00–$19.20 if the market cools off briefly before a leg up
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🎯 Profit Targets:
Target 1: $25.00 — psychological and previous resistance
Target 2: $35.00 — Fibonacci extension zone
Final Target: $59.21 — major long-term breakout level from macro structure
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⛔ Stop-Loss:
Set stop-loss around $17.00 (just below recent swing low)
Keeps risk controlled if the breakout fails
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⚠️ Key Risks:
If Bitcoin pulls back sharply, altcoins could stall
If LINK fails to hold above $19.00–$20.00, momentum may die out
Unexpected regulatory FUD could impact sentiment
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✅ Summary:
LINK looks 🔥 on higher timeframes
Entry after $20 breakout or on dips
Targeting a move as high as $59.21
Setup offers a strong risk-to-reward opportunity for swing traders
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💬 Let me know if you’re riding this LINK wave 🌊
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