🔥 We’re keeping this going — 🟢
$LINK is the next chart demanding attention.
BULLISH bias. The zone that matters: $12.05–$12.10.
LINK is trading around $12.231, with price above its 20 and 50 EMAs on both the 1H and 4H charts.
What makes this interesting?
• The 1H EMA20 sits near $12.048, close to the support area formed during the previous advance.
• The 1H RSI is 67.9, showing positive momentum.
• Open interest increased 5.6% in LINK units over the 24 hours ending at 00:00 UTC. Outstanding exposure is growing, although this alone doesn’t establish direction.
🎯 The setup I’m watching
A fresh pullback into $12.05–$12.10, followed by a bullish 1H candle closing above $12.10, with volume exceeding its previous 20-candle average.
That confirmation is still pending.
Illustrative trade map:
• Entry reference: $12.10, subject to confirmation.
• Stop reference: $11.94.
• Target 1: $12.422, the September 18 high.
• Target 2: $12.625, a historical resistance level.
The $12.42–$12.47 resistance band needs to clear before the second target becomes more convincing.
Using the reference entry and stop, those targets offer approximately 2.0R and 3.3R, before fees, funding and slippage. Actual fills change those ratios.
The missing piece is volume: the latest completed 1H candle delivered only 0.58× its prior 20-candle average. I’m waiting for buyers to show up at support.
Does
$LINK defend this zone and build its next leg higher? 👀
Snapshot: September 19, 2026, 00:08 UTC. Indicators use completed candles.
#LINK #Chainlink #BinanceFutures $LINK