โ๐ $LINK Building Strong Support Base, Long setup nowโฌ๏ธ
โEntry zone: $8.80 - 9.00
โTake profit:
โ๐ฏ TP1: 9.87 (Recent Local High)
โ๐ฏ TP2: 10.58 (MA99 Target)
โ๐ฏ TP3: 11.42
โStop loss: 8.25
โ๐ Technical Analysis:
โ$LINK is successfully building a solid price base after retesting the previous bottom support around the $7.11 level. On the 1-day chart, the price action is showing consistent consolidation within a tight range, suggesting that the long-term selling pressure is finally exhausted.
โThe price is currently hovering just below the MA(7) and MA(25). This accumulation zone, paired with a series of rejection wicks at the lower end of the current range, indicates a priming phase for a bullish recovery. Once Link clears the immediate moving average resistance, we expect a rapid test of the MA(99) at $10.58. The stable volume profile further supports the theory that an accumulation-to-markup phase is imminent.
โTrade $LINK Here๐
โEntry zone: $8.80 - 9.00
โTake profit:
โ๐ฏ TP1: 9.87 (Recent Local High)
โ๐ฏ TP2: 10.58 (MA99 Target)
โ๐ฏ TP3: 11.42
โStop loss: 8.25
โ๐ Technical Analysis:
โ$LINK is successfully building a solid price base after retesting the previous bottom support around the $7.11 level. On the 1-day chart, the price action is showing consistent consolidation within a tight range, suggesting that the long-term selling pressure is finally exhausted.
โThe price is currently hovering just below the MA(7) and MA(25). This accumulation zone, paired with a series of rejection wicks at the lower end of the current range, indicates a priming phase for a bullish recovery. Once Link clears the immediate moving average resistance, we expect a rapid test of the MA(99) at $10.58. The stable volume profile further supports the theory that an accumulation-to-markup phase is imminent.
โTrade $LINK Here๐