âđ $LINK Building Strong Support Base, Long setup nowâŹïž
âEntry zone: $8.80 - 9.00
âTake profit:
âđŻ TP1: 9.87 (Recent Local High)
âđŻ TP2: 10.58 (MA99 Target)
âđŻ TP3: 11.42
âStop loss: 8.25
âđ Technical Analysis:
â$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.
âThe 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.
âTrade $LINK Heređ
âEntry zone: $8.80 - 9.00
âTake profit:
âđŻ TP1: 9.87 (Recent Local High)
âđŻ TP2: 10.58 (MA99 Target)
âđŻ TP3: 11.42
âStop loss: 8.25
âđ Technical Analysis:
â$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.
âThe 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.
âTrade $LINK Heređ