📉 $LINK
• Trading Plan (Long):
• Entry: $12.35 - $12.50
• Stop Loss (SL): $11.95
• Take Profit (TP): $12.84 and $13.10
• Key Resistance/Support: The MA(99) at $12.84 is acting as a strong dynamic ceiling, consistently rejecting price movements during previous recovery attempts. On the downside, the MA(7) at $12.48 is currently providing immediate support.
• Indicators: RSI has room to rise as it moves toward the 60 level, confirming potential move upside toward the major moving averages. MACD (based on the price action momentum) is attempting to trend toward the zero line, validating improving bullish momentum in the short term.
• Outlook: Failure to hold $12.35 will likely push LINK downward to retest the $12.05 low. A break above the MA(99) at $12.84 targets the $13.10 region.
