$LINK /USDT is holding $15.93 support and consolidating near $16.25. Buyers are gradually stepping in, setting the stage for a potential breakout toward $16.80–$18.00!
📊 Trade Setup:
Entry: $16.20 – $16.35
TP1: $16.80 | TP2: $17.30 | TP3: $18.00
SL: $15.90
Volume is steady, and the market structure shows a higher low 📈
🔍 Technical Overview
ChainLink (LINK) is showing a mild bullish bias after holding the $15.90 support zone. Price is slowly recovering and consolidating near $16.25–$16.30, indicating that buyers are gradually regaining control. Volume shows moderate activity, suggesting a stable accumulation phase before a potential breakout.
Trend: Slightly bullish, consolidation phase
Market Structure: Higher low at $15.93
Volume: $79.7M — steady accumulation
Momentum: RSI ~54 — neutral, room for upward movement
💡 Why This Setup Works $LINK
Support Holding: Price respected $15.93 multiple times, forming a solid base.
Volume Confirms Stability: $79M traded in 24h supports accumulation.
Momentum Alignment: RSI allows room for upside without being overbought.
Clean Structure: Consolidation near support provides a good risk/reward entry for potential breakout.
⚙️ Trade Management Plan
Move SL to breakeven after TP1 is hit.
Take partial profits at TP2, trail remaining using 8 EMA (4H chart).
Consider re-entry if price retests $16.20–$16.25 with strong volume.
#USGovShutdownEnd? #StrategyBTCPurchase #PowellWatch #CryptoMarket4T #PowellRemarks
