Chainlink (LINK) Market Analysis – Stuck in the Middle, Waiting for Direction
Current Price: $13.00
Support: $10.00
Resistance: $15.00
Status: No-Trade Zone
Chainlink (LINK) is currently trading at $13, placing it right between key support ($10) and resistance ($15) levels. After riding a rising channel pattern — which historically breaks downward 70% of the time — LINK fell from $14.67 (March 20) to a low near $12, confirming the bearish move.
What’s Next?
If LINK reclaims $15 with momentum, it could trigger a bullish breakout.
If it fails and breaks below $12, a retest of $10 is likely.
But right now? It’s a no-go zone for decisive trading. Sitting in the mid-range between support and resistance is the worst place to act. Buying here exposes you to a $3 downside risk with only a $2 upside — poor risk/reward ratio.
Ideal Strategies:
Entry: Near $10 (support) for long positions
Exit: Near $15 (resistance) for profit booking
Patience: Wait for a clear directional move
This coin is showing indecision, unlike other coins with defined trends. Don’t get caught in a choppy middle — let the market make the first move.
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