$LINK
1. Entry Points:
Current Price: $13.87
LINK has bounced sharply from the recent low of $13.20, breaking above both MA(7) and MA(25) and testing the MA(99) at $13.91.
Entry Range (Aggressive): $13.80 – $13.90
Buying on minor pullbacks while price remains above the MA(25) (currently $13.62) offers a good risk-reward.
Confirmation Entry (Conservative): A strong break and 1-hour candle close above $13.95–$14.00 (past resistance and above MA(99)).
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2. Stop-Loss Placement:
Tight Stop-Loss: Below $13.55
Below MA(25) and recent minor consolidation.
Wide Stop-Loss: Below $13.20
The most recent swing low and key support level.
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3. Take-Profit Targets:
Target 1: $14.09 (24h high and local resistance)
Target 2: $14.50 (next historical resistance zone)
Target 3: $15.00+ (bullish continuation zone if momentum persists)
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Technical Insights:
Momentum Reversal: Price has crossed the shorter-term MAs and is testing the long-term MA(99) — a breakout above $13.91–$14.00 would signal trend reversal.
Volume Pickup: Recent green candles accompanied by higher volume — a bullish sign.
Watch for Rejection: If LINK is rejected at MA(99), consider re-entry lower (around $13.50 support).