Current Situation of link
Price has just spiked to $24.20 and pulled back to $23.33 — this shows sellers have already taken profit near resistance.
The spike candle has high volume, meaning there was both strong buying and immediate profit-taking.
StochRSI is recovering from oversold but still in the mid-zone (41.35), so upside potential exists, but momentum may slow.
---
2. Key Levels to Watch
Immediate resistance: $24.20 – This is the recent high where sellers stepped in.
Support: $22.80 – If price closes below this on 4H, momentum will weaken.
Next major resistance: Around $25.00 – Psychological round number and possible strong selling zone.
---
3. Exit Strategy
If short-term trade: Consider partial profit-taking around $24.00–$24.20 and keep a trailing stop for the rest.
If breakout happens above $24.20 with volume: Next target can be $25.00–$25.50. Exit fully if price shows rejection there.
If price falls below $22.80: Close the trade — this would signal a failed bullish continuation.