🚨 $LINK : KEY RESISTANCE TEST - SAFE ENTRY STRATEGY 💥
$LINK just experienced a 10.62% drop in 24 hours and is currently trading around $9.6060. On the H4 chart, the bearish trend is completely dominant, with candles below EMA10 and EMA30. Sellers are applying heavy pressure, but the price has approached the strong technical support zone at $9.5120, facing the key psychological resistance at $10.5920.
Practical trading strategies right now:
- **Long scenario:** Open a position if $LINK reacts well and holds the $9.5120 support level, or patiently wait for a breakout above the $10.5920 resistance to confirm a reversal.
- **Short scenario:** Enter a Short position immediately if an H4 candle closes below the $9.5120 support zone. Make sure to follow proper risk management!
Which level do you think $LINK will retest this week? Comment with your prediction!
#BinanceSquare #LINK #Crypto
(Personal opinion, not investment advice - DYOR)
$LINK just experienced a 10.62% drop in 24 hours and is currently trading around $9.6060. On the H4 chart, the bearish trend is completely dominant, with candles below EMA10 and EMA30. Sellers are applying heavy pressure, but the price has approached the strong technical support zone at $9.5120, facing the key psychological resistance at $10.5920.
Practical trading strategies right now:
- **Long scenario:** Open a position if $LINK reacts well and holds the $9.5120 support level, or patiently wait for a breakout above the $10.5920 resistance to confirm a reversal.
- **Short scenario:** Enter a Short position immediately if an H4 candle closes below the $9.5120 support zone. Make sure to follow proper risk management!
Which level do you think $LINK will retest this week? Comment with your prediction!
#BinanceSquare #LINK #Crypto
(Personal opinion, not investment advice - DYOR)
