$LINK /USDT – 🔄 Trend Reversal Building After Dip to $10.10, Eyes on $11.90+ 📈⚡️
Chainlink (LINK) is recovering from its recent low of $10.10 and is currently trading at $11.34. Although it remains down 3.08% on the day, the bounce from support indicates potential for a trend shift. The 1-hour chart now shows signs of higher lows forming, suggesting the bearish momentum may be fading.
The 24H high of $11.89 stands as the next key resistance. If bulls can hold above the $11.10–$11.25 zone and push beyond $11.40, we could see LINK testing $11.90 and potentially climbing toward $12.20. Support remains firm around $10.60, and as long as price trades above this level, bullish continuation remains likely.
Trade Setup:
Entry Zone: $11.10 – $11.35
Target 1: $11.65
Target 2: $11.90
Final Target: $12.20
Stop Loss: $10.60
LINK is shaping a reversal setup, but confirmation requires strong candle closes above $11.40. Volume should also increase to validate the move.
Pro Tip: If entering near resistance, use staggered position sizing and consider trailing stops once price breaches $11.90. Watch for breakout candles with expanding volume for ideal entries.