$LINK /USDT – Pullback After Local Highs
Current Price: $18.36 (-1.61%)
24H High: $19.51 | 24H Low: $18.18
Chainlink surged to $19.79, but heavy resistance led to a pullback towards $18.36. Currently, LINK is testing support around $18.20 - $18.50. A bounce from this level could trigger another rally, but further weakness might extend the decline.
Long Setup:
Entry Zone: $18.20 – $18.50
Target 1: $18.90
Target 2: $19.30
Target 3: $19.80
Target 4: $20.50
Stop Loss: $17.80
Short Setup (If Breakdown Below $18.00):
Entry Zone: $18.30 – $18.50
Target 1: $17.90
Target 2: $17.50
Stop Loss: $19.00
Market Insights & Pro Tips:
Breakout Watch: A reclaim above $19.50 could lead to $20+ quickly.
Support Zone: Holding $18.00 is crucial for a bullish reversal.
RSI & Volume: Volume is declining; expect a breakout or further correction soon.