$LINK /USDT: Bullish Reversal Opportunity
Momentum Shifts in Favor of the Bulls:
$LINK has successfully flipped its prior resistance near $14.60 into solid support and is now accelerating upward, currently trading at $14.83. The sharp rebound from the $14.00 region has formed a classic "V-shaped" reversal pattern, indicating a potential continuation toward $15.27.
Trade Setup (Long):
- Entry Zone: $14.80 - $14.90
- Take Profit (TP): $15.27
- Stop Loss (SL): $14.54
Pattern Analysis:
The bullish reversal presents a high-probability long setup, supported by structure reclaim and strong price momentum. LINK is holding above multiple broken resistance zones, now acting as solid support layers.
Market Outlook:
If LINK maintains above $14.60, we could see a continuation toward $15.50+ in the coming sessions. Traders should monitor any high-volume push as a sign of breakout confirmation.
Trading Strategy:
With the trend reversed, consider following $LINK's momentum and riding it to the next resistance level. Enter a long position within the entry zone and set stop-loss and take-profit levels accordingly.
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