$LINK

$LINK/USDT: BULLS DEFEND KEY SUPPORT AFTER SHARP PULLBACK!

Long Trade Signal

The 15m chart shows the price of $LINK/USDT has found temporary support around the $21.32 level after a significant drop from the 24h high of $22.67. The current price of $21.56 is holding above the recent low, suggesting buyers are stepping in at this lower range.

Trade Setup:

* Entry: Long entry could be considered above the current consolidation area, ideally near $21.65 for a safer entry or a speculative entry around the current price of $21.56.

* TP (Targets):

* TP 1: $21.76 (Previous resistance)

* TP 2: $21.92 (Mid-range resistance)

* TP 3: $22.04 (Recent high)

* SL (Stop Loss): A tight stop loss below the recent low at $21.30.

Short Outlook of Market:

The market sentiment for $LINK/USDT on the 15m timeframe is showing a short-term reversal attempt following a strong bearish move. While the daily, 7-day, and 30-day performance is negative, the longer-term 90-day, 180-day, and 1-year performance is strongly bullish, which suggests dips are still being bought. A successful bounce from the $21.32 support is crucial to maintain a short-term upward corrective movement before testing higher resistance levels.

#Chainlink #LINKUSDT #CryptoTrading #TechnicalAnalysis #LongSetup