$LINK 1h: ANALYSIS 📊
I expect the price to retrace into the 25.18 – 25.38 zone, where liquidity could be collected before an upward reaction begins. This area has the potential to attract smart money positioning and set up a clean long opportunity.
If a reversal signal shows up here, I’ll look for long entries with progressive targets at 25.98, 26.24, 26.57, and finally 26.89.
Stop-loss should be set reasonably below the previous swing low (around but not fixed at 24.09), since exact levels can be vulnerable to market wicks and manipulation.
A decisive close under 24.09 cancels the bullish bias, shifting focus toward short setups.
Also, watch for a sharp dip under 25.18 followed by a fast recovery — that’s usually the footprint of aggressive buyers stepping in. But patience is key: wait for a solid reversal pattern (like a bullish engulfing, pin bar, or similar) before pulling the trigger.
