🚨
$LINK IS HEATING UP! The Bullish Momentum is REAL! 🚨📈
What a bounce! If you’ve been watching
$LINK /USDT, you know the bulls are currently in control of the lower timeframes. We’ve seen a massive push from the $7.11 bottom, but are we ready for the next leg up? Let's dive into the data! 📊👇
The Technical Breakdown:
🔥 1H & 15m Charts: Looking absolutely solid! The Supertrend is glowing green, and we are riding a healthy short-term uptrend.
⚠️ 4H Chart Warning: We are approaching a MASSIVE test! The 4H Supertrend resistance sits right at $8.89. Plus, the RSI is creeping into overbought territory (~78). Expect some chop or a minor pullback here before we try to smash through that resistance.
If we break and hold above $8.91 with volume, the road to $9.00+ is wide open!
The Setup (Spot or Low-Leverage Long Only!) 🛠️
Since we are slightly elevated from the optimal entry, patience is key. DO NOT FOMO in at the top.
Current Price: ~$8.82
Optimal Entry Zone: $8.75 - $8.83 (Accumulate here on minor dips)
DCA Level (Buy the dip): $8.62 (Strong local support)
🎯 Take Profit (TP) Targets:
TP1: $8.85 (Quick scalp - secure some bags!)
TP2: $8.91 (Major 4H Resistance Test - Watch closely!) 🧱
TP3: $9.05 (Breakout Zone) 🚀
TP4: $9.18
TP5: $9.35 (Mid-term bullish target)
🛑 Stop Loss (Crucial!): $8.45 (If a 4H candle closes below this, the short-term bullish structure is broken. Protect your capital!)
My Strategy: I'm buying in the spot market and keeping my leverage extremely low if trading perps. The market is volatile, and protecting profits is just as important as making them.
What do you guys think? Will
$LINK smash through the $8.91 resistance today? Let me know in the comments! 👇💬
Disclaimer: This is my personal technical analysis and not financial advice. Always Do Your Own Research (DYOR) and use proper risk management!
#LINK #Chainlink #CryptoSignals #BinanceSquare #BullishTrend