$LINK Trade Setup ā LINK/USDT Analysis š
ā
Entry Zone: Consider buying between $14.80 ā $15.00, aligning with support from EMA(9), EMA(21), and EMA(50).
ā Stop Loss: Place at $14.30, just below EMA(50) and the recent swing low.
šÆ Profit Targets:
Target 1: $15.50 (move stop to breakeven)
Target 2: $16.00
Target 3: $16.50
š Risk/Reward Ratio: Estimated 3:1+. For a conservative approach, consider exiting at 2:1 if momentum fades.
Key Highlights:
Momentum: Price has surged +8.46%, showing strong bullish strength.
Volume & Liquidity: With 582.02M in circulation and a $9.82B market cap, LINK maintains healthy liquidityāimportant for breakout confirmation.
RSI Insight: Likely in the 65ā70 range, signaling near-overbought conditions typical of a +8% rally.
š Trade Management Strategy:
Start trailing your stop just above EMA(9) after hitting Target 1.
Watch for resistance near the recent high at $15.10ācould be an early take-profit signal.
Heads up: LINKās upside potential is closely linked to the adoption of Chainlinkās oracle tech. Stay alert for ecosystem news.
Trade smart and stay sharp!
