💥$LINK /USDT Testing Support with a 3.55% Decline!🔥
🌟Current Price: 14.39 USDT (3.55%)
🌟24-Hour High: 15.28 USDT (Resistance zone)
🌟24-Hour Low: 14.15 USDT (Key support area)
Volume (24H):
🌟LINK: 4.06M
🌟USDT: 60.14M
⚡LINK's price is consolidating near its 24-hour low, suggesting caution among traders. Indicators such as RSI, MACD, and Bollinger Bands highlight potential sideways movement or mild bearish pressure.
⚡Trading Setup 📝
🎖️Bullish Scenario
Type: Bounce Trade
👉Entry Point: Above 14.50 USDT (wait for confirmed bounce with rising volume)
👇Take-Profit Targets:
🎯TP1 (1:1): 14.70 USDT
🎯TP2 (1:2): 14.90 USDT
💢Stop Loss: Below 14.30 USDT
🎖️Bearish Scenario
Type: Breakdown Trade
👉Entry Point: Below 14.15 USDT (confirm breakdown with strong selling pressure)
👇Take-Profit Targets:
🎯TP1 (1:1): 14.00 USDT
🎯TP2 (1:2): 13.80 USDT
💢Stop Loss: Above 14.25 USDT
⚡Risk Management Strategy ⚠️
For Bullish Setup, after achieving TP1 (14.70 USDT)
Move Stop Loss to Breakeven (Entry Price)
Book partial profits (50% trade quantity)
For Bearish Setup, adjust stop-loss to entry upon hitting TP1 (14.00 USDT) and secure gains
⚡Key Takeaways ✍️
1. Confirm breakout/breakdown moves with high trading volume to avoid false signals.
2. Monitor the 15.28 USDT resistance zone for signs of bullish reversal or consolidation.
3. With volatility on the rise, disciplined risk management will be crucial.
Disclaimer: #DYOR*
Buy Or Trade With Me On $LINK