Chainlink is testing key support at $19.00. A bounce from this level could trigger a reversal, while failure to hold may lead to further downside pressure. A breakout above $19.84 could confirm bullish continuation.
LINK
19.1
-0.67%
Long Setup
Entry Zone: $18.90 - $19.20 (pullback buy)
Targets:
T1: $19.50
T2: $19.80
T3: $20.20
T4: $20.70
Stop Loss: $18.60
Short Setup (If Rejection at Resistance)
Entry Zone: $19.20 - $19.80 (fake breakout short)
Targets:
T1: $18.80
T2: $18.50
Stop Loss: $19.90
Market Insights & Pro Tips
Breakout Watch: A move above $19.84 with strong volume could confirm further upside.
Support Zone: Holding above $19.00 is key for continued bullish momentum.
RSI & Volume: RSI is declining but could reverse if buying volume increases.
🔥 Backup Plan: If LINK retraces to $18.80, watch for strong buy interest before re-entering long. Avoid FOMO entries; wait for confirmation.