$LINK is finally showing some life on the 1H chart. 👀
After that ugly sell-off, buyers stepped in around $8.40-$8.45, and now we're seeing a decent bounce. I still wouldn't call this a trend reversal though. The 200 MA is pointing down, so I'm treating this as a recovery until the chart proves otherwise.
The level I'm watching is $8.55-$8.60. If LINK can reclaim that area with solid volume, I think there's room for a bigger push. If it gets rejected there, we could easily revisit $8.40 again.
I'm not rushing into a trade here. I've chased these first green candles before, and more than once they've turned into bull traps. I'd rather miss the first few percent than get caught buying the top of a relief bounce.
For now: 🟢 Support: $8.40-$8.45 🔴 Resistance: $8.55-$8.60 📊 Bias: Short-term bullish, but the higher timeframe still needs work.
Are you buying this bounce or waiting for confirmation? Let me know what you're seeing on your chart.
$LINK #LINK