1. Summary

$LINK just had a recovery and is testing the resistance area around MA99 (~$25–$26); need a breakout with volume to confirm the trend continues.

• Current price ~$23.85 — recent catalysts: buyback / reserve purchases and corporate partnerships increasing market confidence.

2. Analysis

The short-term bias is bullish if it holds above support ~22.8–23.3; main support around $22.88 (most recent low), resistance near $25.9–$26.2 (MA99 in this area) and previous high ~$27.8. RSI 1H ~71 → momentum is strong and showing signs of overbought on the 1H timeframe; volume during the increase indicates participation but there is a risk of pullback if the breakout lacks confirmation. Fundamentally, news of partnerships + buybacks creates short-term demand, but large/whale money flow still needs to be monitored.

3. Strategy

Entry:

  • Aggressive: probe when 4H closes clearly above $25.3–$25.9 (confirmation of breaking through MA99 / resistance area).

  • Conservative: accumulate when the price retraces to $23.0–$23.5 and there is a wick rejection (obvious retest).

Stop-loss: set SL below $22.6 (violation = trade invalid).

TP1 / TP2: TP1 $25.9–$26.5 (take some profit), TP2 $27.7–$28.2 (extended target if momentum is strong & volume supports).

Exit triggers: large inflows into CEX / whale selling appear, negative headlines about partners / announcements, or failure to hold $22.8 on retest → exit early.