๐ข TRADING SIGNAL: $LINK / $USDT
๐ข Direction: LONG
๐ Confidence: 70.9%
๐ Technical analysis:
The technical structure indicates a consolidated bullish trend in both the 4h HTF and the 15m LTF, supported by a bullish MACD crossover (0.0442 above the signal of 0.0405). Price is trading above the EMA20 (8.31) and EMA50 (8.2644), while the RSI at 63.81 confirms buying momentum with sustained volume absorption. The asset is looking to break the immediate resistance of 8.4709 after consolidating above the key support of 8.361.
๐ฏ Trading levels:
๐ข Entry: 8.361
๐ Stop Loss: 8.2845
๐ TP1: 8.463
๐ TP2: 8.4885
๐ TP3: 8.5395
โ๏ธ Risk/Reward ratio: 1:1.33
โฑ๏ธ Timeframe: 1H
๐ Confluence: 5/5
The key level to watch is the 8.361 support, where the entry will trigger as long as price maintains buying pressure. The main risk is a drop below 8.2845, which would invalidate the current bullish structure toward resistance of 8.4709.
#crypto #LINK #trading
๐ข Direction: LONG
๐ Confidence: 70.9%
๐ Technical analysis:
The technical structure indicates a consolidated bullish trend in both the 4h HTF and the 15m LTF, supported by a bullish MACD crossover (0.0442 above the signal of 0.0405). Price is trading above the EMA20 (8.31) and EMA50 (8.2644), while the RSI at 63.81 confirms buying momentum with sustained volume absorption. The asset is looking to break the immediate resistance of 8.4709 after consolidating above the key support of 8.361.
๐ฏ Trading levels:
๐ข Entry: 8.361
๐ Stop Loss: 8.2845
๐ TP1: 8.463
๐ TP2: 8.4885
๐ TP3: 8.5395
โ๏ธ Risk/Reward ratio: 1:1.33
โฑ๏ธ Timeframe: 1H
๐ Confluence: 5/5
The key level to watch is the 8.361 support, where the entry will trigger as long as price maintains buying pressure. The main risk is a drop below 8.2845, which would invalidate the current bullish structure toward resistance of 8.4709.
#crypto #LINK #trading