🚀 $LINK Breakout — Correction Before Next Pump
Chainlink (LINK) has broken through a key resistance at $23.30 with strong volume, confirming bullish intent. After the breakout, price briefly surged but is now undergoing a healthy correction — a common pattern before the next leg up in strong trends.
Market Snapshot:
Price Action: Clean breakout above $23.30 followed by consolidation.
Volume: The breakout was supported by above-average buying activity, a sign of institutional interest.
Momentum Indicators: RSI cooled off from near-overbought levels, creating fresh room for another rally. MACD remains in bullish territory with widening histograms.
Trend Structure: LINK continues to trade above key moving averages, keeping the overall trend intact.
Trade Setup:
Entry: $23.47 (current price) or on dips toward $23.30
Target 1: $24.41 (+4%)
Target 2: $25.35 (+8%)
Stop Loss: $22.95 (below breakout retest zone)
Why Bullish:
Corrections after high-volume breakouts often reset momentum for a stronger push. LINK’s current consolidation is likely the fuel needed for the next rally, with targets pointing toward the mid-$25 zone.
