$LINK 🚀 BULLISH MOMENTUM 🚀
Chart Snapshot & Technical Overview (Image)
LINK has broken out of a multi-year symmetrical triangle and is showing strong upward momentum, potentially setting up for a major rally .
The price is currently trading above the 50% Fibonacci retracement level, suggesting bullish continuation is likely .
Key support is forming at $20.45 (38.2% Fib), while $23.44 (50% Fib) acts as near-term resistance .
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Fibonacci Retracement & Extension Levels (from swing low to high)
Level Approx. Price (USDT) Insight
38.2% ~$20.45 Strong support potential
50.0% ~$23.44 Immediate resistance
127.2% Ext. ~$34.95 First upside extension target
161.8% Ext. ~$41.80 Ambitious rally zone if momentum continues
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LINK Trading Strategy
Pullback Long
Entry Zone: $20.45–$23.44 (Fib confluence + retest of breakout)
Stop-Loss: Below $20.00
Targets:
T1: $23.90 (short-term resistance)
T2: $34.95 (127.2% extension)
T3: $41.80 (161.8% extension)
Strategy Summary Table
Strategy Type Entry Zone / Trigger Targets Stop-Loss
Pullback Long $20.45 – $23.44 $23.44 → $34.95 → $41.80 <$20.00
Breakout Long Daily close above $23.44 (+volume) Same upside targets <$23.00
Reversal Short Failure near $23.44 To $20.45 >$24.00