$LINK /USDT-Cautious pullback after bullish momentum
Support / Resistance:
Support: Near-term support resides around R$24,00. A recent intraday low showing buyer interest.
Resistance: Key resistance sits around R$26,50, with broader supply expected in the R$27–R$28 area.
Fibonacci Levels
Retracement Status: LINK recently broke out from a long-term triangle pattern and retraced to its 0.786 Fibonacci resistance, acting as a short-term price ceiling.
Key Price Zones:
Support Zones (Retracements): Around R$24,00 (short-term), and deeper around R$23,00–R$22,00 if pullback accelerates.
Resistance Zones: R$26,50 (immediate), then R$31,87 (next Fibonacci extension) en route to wider upside targets.
RSI
Value & Interpretation:
Short-term RSI readings are neutral to slightly bearish: RSI around 42,5 (Investing.com) and RSI ~50–56 (RSI Hunter short vs. mid-term).
Recently, RSI was in overbought territory (~83) before peaking and retreating suggesting momentum slowdown post-breakout.
Entry Zones
Safer Entry: Around R$24,00–R$24,30, where near-term support and neutral RSI offer better risk-to-reward.
Aggressive Entry: On a confirmed breakout above R$26,50–R$27,00, especially with volume confirmation indicating renewed momentum.
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Take-Profit Zones
TP1: R$26,50–R$27,00, aligned with Fibonacci resistance and recent peaks.
TP2: R$31,80–R$32,00, based on the Fibonacci extension target from triangle breakout.
Stop-Loss Ideas
Conservative: Just below support at R$24,00, such as R$23,80, to allow for intraday range movement.
Tight: Slightly below entry around R$26,00 if entering on breakout to limit downside in case of false moves.
