$LINK /USDT-Bullish Momentum BUY& HOLD

Chainlink $LINK is experiencing a bullish trend, trading at $22.26. The price has recently broken through several resistance levels, including the 0.618 Fibonacci retracement at $20.25, and is now testing the 0.786 level at $26.46. A confirmed breakout above $24 could signal a continuation toward the 2024 high at $30.93.

📊 Fibonacci Levels: Retracement Status & Price Zones

0.618 Retracement: $20.25 (previous resistance turned support)

0.786 Retracement: $26.46 (current resistance)

2024 High: $30.93 (next major resistance)

The price is currently testing the 0.786 Fibonacci level, with a potential breakout above $24 leading to a rally toward the 2024 high at $30.93.

📉 RSI: Elevated but Bullish

The 4-hour RSI is currently elevated, indicating strong bullish momentum. However, caution is advised as overbought conditions can precede short-term corrections.

🎯 Entry Zones

Safer Entry: $21.50–$22.00 (near current support levels)

Aggressive Entry: $23.50–$24.00 (on breakout confirmation)

💰 Take-Profit Zones

TP1: $26.46 (0.786 Fibonacci level)

TP2: $30.93 (2024 high)

🛡️ Stop-Loss Ideas

Conservative: $19.50 (below 0.618 Fibonacci support)

Tight: $21.00 (below current support)