Bitcoin is flat but LINK is up 14.7% this week. That kind of relative strength doesn't happen by accident. 🔥
Price is holding above all major moving averages — SMA7 at $8.92, SMA25 at $8.48, and even SMA99 at $8.47 on the daily. RSI at 63 on the 4H with MACD expanding positive. The RWA narrative through Chainlink CCIP continues to attract institutional attention, and the on-chain data backs it up — whale accumulation is visible.
📊 Trade Plan:
• Entry: $9.00 – $9.30 (scale in on dips)
• Stop Loss: $8.50 (below 7-day support)
• TP1: $10.50 | TP2: $12.00
• Risk/Reward: 2.1x
Volume is declining slightly — that's the one yellow flag. But as long as price holds $9, the path of least resistance is up.
Will LINK hit $12 before September? 🤔
⚠️ DYOR — Not financial advice. Crypto is volatile. Manage your risk.
#DYOR #CryptoAnalysis #BinanceSquare
#LINK #Chainlink
Price is holding above all major moving averages — SMA7 at $8.92, SMA25 at $8.48, and even SMA99 at $8.47 on the daily. RSI at 63 on the 4H with MACD expanding positive. The RWA narrative through Chainlink CCIP continues to attract institutional attention, and the on-chain data backs it up — whale accumulation is visible.
📊 Trade Plan:
• Entry: $9.00 – $9.30 (scale in on dips)
• Stop Loss: $8.50 (below 7-day support)
• TP1: $10.50 | TP2: $12.00
• Risk/Reward: 2.1x
Volume is declining slightly — that's the one yellow flag. But as long as price holds $9, the path of least resistance is up.
Will LINK hit $12 before September? 🤔
⚠️ DYOR — Not financial advice. Crypto is volatile. Manage your risk.
#DYOR #CryptoAnalysis #BinanceSquare
#LINK #Chainlink