$LINK /USDT Analysis: Testing Key Highs
$LINK is currently trading at $24.13, up $6.30% in the past 24 hours. The price has rallied strongly from the $20.02 low and is now testing a crucial resistance area at the 24-hour high.
Key Levels to Watch
Support: $23.50 – Key level to maintain the bullish momentum.
Resistance: $24.20 – Breaking this level could lead to additional gains.
Trade Setup
Entry: Around $24.10
Targets:
1. $25.00 (Short-term)
2. $26.00 (Next Target)
Risk Management
Stop Loss: $23.00 – To manage potential downside risk.
A break above $24.20 could signal a strong continuation of the uptrend, with $25.00 as the next psychological target. Watch the volume to confirm the strength of the breakout.