$LINK š„ š BULLISH MOMENTUM š
Token: LINK (Chainlink)
Current Price: $19.17 USDT
24h Volume: $146.40 million USDT
Trend: Consolidating with bullish bias
Market Sentiment: Strong interest around $18ā$20 range
Volatility: Medium
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š Fibonacci Retracement Setup
Assume recent swing low = $16.20
And swing high = $20.60
Fibonacci Level Price (USDT)
23.6% 19.68
38.2% 19.03
50.0% 18.40
61.8% 17.77
78.6% 16.91
ā Current Price ($19.17) is near the 38.2% retracement, indicating a potential bounce or resistance.
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š§ LINK Fibonacci Trading Strategy
ā Strategy A: Buy-the-Dip (Retracement Entry)
š¹ Entry Zone:
Between 17.77 ā 18.40 (Fib 50% to 61.8%)
šÆ Targets:
T1: 19.68 (23.6%)
T2: 20.60 (Swing High)
T3: 21.90 (Fib Extension 1.272)
T4: 23.20 (Fib Extension 1.618)
š Stop-Loss:
Below 16.90 (just under 78.6%)
Strategy Summary
Strategy Type Entry Zone Targets (USDT) Stop-Loss
Retracement Buy $17.77 ā $18.40 $19.68 ā $20.60 ā $23.20 Below $16.90
Breakout Trade > $20.60 $21.90 ā $23.20 ā $25.00 Below $19.50
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š Pro Tips:
Combine with RSI/MACD to confirm reversal or breakout
Watch volume surge on breakout for strength
Ideal for swing trading in current market structure
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