#LINK #Signal🚥.

Signal: Wait for Confirmation (Watchlist for Possible Buy)

Current Price: $15.664

Potential Buy Trigger: Clear break and 4H candle close above $15.75 (EMA99 and local resistance)

Target 1: $16.24

Target 2: $16.75

Stop Loss: Below $15.27 (recent local low)

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Technical Analysis and Justification:

1. EMA Levels:

EMA(7): 15.640 (price slightly above)

EMA(25): 15.703 (price around this zone)

EMA(99): 15.742 (acting as resistance)

The price is sandwiched between EMA(25) and EMA(99), which suggests potential breakout or rejection. A confirmed close above EMA(99) would strengthen the bullish case.

2. Recent Price Action:

Strong recovery from $14.832 to $15.738 followed by consolidation.

Current candle is testing EMA(99); if price holds and breaks above, it could retest $16.24 and $16.75.

3. Momentum (KD Indicator):

%K = 75.16, %D = 66.12, %J = 93.23

This indicates bullish momentum with room to continue upwards but nearing overbought territory.

4. Volume Profile:

Volume is increasing modestly, though not yet confirming a strong breakout.

The volume moving average (MA(10)) is slightly above MA(5), which means the buying volume is recovering but not aggressive yet.

5. Resistance and Entry Consideration:

Immediate resistance: $15.75 (EMA99)

Next resistance: $16.24, then $16.75

A confirmed breakout above EMA(99) would likely draw in new buyers.

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Recommendation:

No immediate entry. Add to watchlist.

Enter long only if price breaks and holds above $15.75 with volume support.

Use tight stop loss below $15.27 to manage risk.

Ideal for short-term swing or momentum traders.$LINK