$LINK RECOVERY IN MOTION – MAIN RESISTANCE IS UNDER TEST
$LINK is trading at 16.03, recovering from a 24-hour low of 15.85 after a volatile trading session. The trading volume is at a moderate level of 39.68K, and buyers are currently pushing into a strong resistance area on the 15-minute chart.
Key Support & Resistance Levels:
• Resistance:
• 16.56 – Immediate resistance
• 16.80 – Breakout target if momentum continues
• Support:
• 16.44 – Nearest support after recovery
• 16.20 – Average support area
• 15.85 – 24-hour low and major demand zone
Trade Setup – Attempting Short-term Breakout:
• Entry Zone: 16 – 16.5
• TP1: 16.56
• TP2: 16.80
• Stop Loss: Below 15.85
LINK is holding above the support level and showing strong buyer interest (54.34% bid dominance). If buyers can flip 16.56 into support, the path to 16.80 will open up. However, rejection here could lead to a retest of the 16.20 area.
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