$LINK /USDT Technical Analysis: Bullish Momentum vs. Key 200-MA Resistance
The short-term moving averages MA(7) and MA(25) have formed a bullish crossover beneath the current price ($8.751), signaling building upward momentum. Rather than chasing the current level directly at the 200-MA resistance, wait for a minor dip toward the $8.40–$8.50 support zone to lock in a safer risk-to-reward ratio for a long trade.
Long -Term Trade Plan — BUY (Long)
🟢 Buy: $8.35 – $8.50
🎯 TP 1: $8.85 – TP 2: $9.50+
🛑 SL: $8.15
Notes: Price is currently retesting the 200-day moving average (green line around $8.82) following a steady recovery from the $6.99 low. MA(7) ($8.455) and MA(25) ($8.401) are crossing upward to form a local bullish support cluster, providing a strong bounce zone on pullbacks.
#LONG✅ #LongOpportunity
The short-term moving averages MA(7) and MA(25) have formed a bullish crossover beneath the current price ($8.751), signaling building upward momentum. Rather than chasing the current level directly at the 200-MA resistance, wait for a minor dip toward the $8.40–$8.50 support zone to lock in a safer risk-to-reward ratio for a long trade.
Long -Term Trade Plan — BUY (Long)
🟢 Buy: $8.35 – $8.50
🎯 TP 1: $8.85 – TP 2: $9.50+
🛑 SL: $8.15
Notes: Price is currently retesting the 200-day moving average (green line around $8.82) following a steady recovery from the $6.99 low. MA(7) ($8.455) and MA(25) ($8.401) are crossing upward to form a local bullish support cluster, providing a strong bounce zone on pullbacks.
#LONG✅ #LongOpportunity