🚨 $LINK /USDT – Bull Trap or Breakout Brewing? 🔥
#Chainlink has pulled back to $16.31 after a recent high of $16.83. Is this just a dip before a rip—or a sign of weakness setting in?
📊 Market Overview
📍 Current Price: $16.31
📈 24h High: $16.83
❄️ 24h Low: $15.69
📊 Bollinger Bands (20,2):
• Upper Band: $16.61
• Middle Band: $16.22
• Lower Band: $15.84
Note: Price is hovering near the middle band—neutral ground before the next move!
📈 LINK Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If LINK Holds Above $16.20):
• Entry: Above $16.40
• Targets: $16.83, $17.37, $18.10+
• Stop-Loss: $15.80
🔹 Bearish Scenario (If LINK Drops Below $15.80):
• Entry: Below $15.80
• Targets: $15.18, $14.44, $13.80
• Stop-Loss: $16.50
🔍 Should You Hold or Sell?
✅ Consolidating around the mid-Bollinger Band = Potential for rebound
✅ Holding above $16.20 is critical for bulls
⚠️ Break below $15.80 opens up more downside risk
💡 Pro Tip:
Watch the $16.60 level closely—strong resistance. A breakout with volume could ignite a run toward $18+.
📢 Will Chainlink link up with bulls—or break down? Let’s talk in the comments!
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#LINK #Chainlink #CryptoTrading #Write2Earn
Send the next coin when you’re ready!
