$LINK /USDT – Long Setup at $16.60
Chainlink is currently trading near $16.60 presenting a potential long opportunity as it approaches key resistance levels.
Support Levels:
S1: $15.95
S2: $15.50
S3: $14.92
Resistance Levels:
R1: $16.99
R2: $17.57
R3: $18.02
Extended resistance near $18.76–$19.20, with further upside targets at $20.01 and $23.30.
Trade Plan:
Entry: Around $16.52
Targets:
• TP1: $16.99
• TP2: $17.57
• TP3: $18.76
Stop Loss: $15.50 (just below key support for controlled risk)
Summary:
The trade aims to ride a potential breakout through resistance levels, while a stop under $15.50 protects against a downside break of the current range.