Perfect long short for link.
Current Market Analysis for LINK
Price: $13.38-$13.40 area
Trend: Consolidation phase after significant decline from highs
Key Technical Observations:
Support & Resistance Levels:
Major Support: $12.63-$12.75 (strong bounce zone)
Immediate Support: $13.15-$13.25
Resistance: $13.45-$13.50 (current area)
Major Resistance: $13.80-$14.00
Technical Indicators:
RSI: Around 45-55 (neutral zone, room for movement both ways)
MACD: Mixed signals, mostly neutral to slightly bearish
Volume: Decent but not exceptional
Moving Averages: Price struggling around key MA levels
š¢ 2 LONG ENTRIES
LONG ENTRY #1 - Support Bounce
Entry: $13.15-$13.25 (on dip to support)
Stop Loss: $12.90
Targets:
T1: $13.60 (quick scalp)
T2: $13.85-$14.00
Setup: RSI oversold bounce from support zone
Risk/Reward: 1:2.5
LONG ENTRY #2 - Breakout Play
Entry: $13.52-$13.58 (break above resistance)
Stop Loss: $13.20
Targets:
T1: $13.85
T2: $14.20-$14.40
Setup: Volume breakout with RSI above 60
Risk/Reward: 1:2.8
š“ 2 SHORT ENTRIES
SHORT ENTRY #1 - Resistance Rejection
Entry: $13.48-$13.55 (rejection at resistance)
Stop Loss: $13.75
Targets:
T1: $13.15
T2: $12.80-$12.90
Setup: Failed breakout with bearish divergence
Risk/Reward: 1:2.2
SHORT ENTRY #2 - Support Break
Entry: $13.10-$13.15 (break below support)
Stop Loss: $13.40
Targets:
T1: $12.75
T2: $12.40-$12.50
Setup: Volume breakdown below key support
Risk/Reward: 1:2.5
Risk Management: Use 1-2% position size, set alerts for levels, don't chase entries!
Based On Current $LINK Movement.