LINK/USDT Range Trading Signal āŖ
š¦ SIDEWAYS CONSOLIDATION ā TIGHT RANGE BOUND TRADING
$LINK is currently trading at 23.560 (+0.01%) and has been consolidating in a tight range for several hours. The token is showing classic range-bound behavior between key support and resistance levels, creating excellent scalping opportunities with well-defined risk parameters.
š Range Trading Setup:
Long Trade (Support Bounce):
Entry Zone: 23.400 ā 23.450 (pink support area)
Target 1: 23.550
Target 2: 23.600
Stop-Loss: 23.350
Short Trade (Resistance Rejection):
Entry Zone: 23.580 ā 23.620 (green resistance test)
Target 1: 23.480
Target 2: 23.420
Stop-Loss: 23.650
š Market Outlook: $LINK is displaying textbook range trading behavior with clear support in the pink zone around 23.402-23.534 and resistance in the green zone around 23.580-23.962. The consolidation has been ongoing for several hours, suggesting accumulation phase before the next directional move.
ā Range Trading Signals:
Current Range: 23.40 ā 23.60
Buy Zone: 23.40-23.45 area
Sell Zone: 23.58-23.62 area
Breakout Watch: Volume spike above 23.65 or below 23.35
š Key Levels:
Strong support holding at 23.40 level
Resistance capping moves at 23.60
Volume declining = range continuation
Clean bounces from both levels
ā ļø Risk Management: Exit range trades immediately on breakout/breakdown. Use tight stops as LINK can move quickly on news or market sentiment shifts.
