đ„$LINK /USDT 15-Minute Chart Analysisđ„
Current Price: $12.27 (+3.90%)
24h High: $12.28
24h Low: $11.54
24h Volume (LINK): 3.08M
24h Volume (USDT): $36.54M
Market Overview:
Trend: $LINK /USDT is in a short-term uptrend, with the price recently breaking above the $12.00 mark and maintaining higher lows. The price action shows bullish momentum.
Volume: The Volume SMA 9 indicates relatively steady volume. There was a notable surge during the price rise to $12.27, confirming buying pressure. However, the recent volume shows some consolidation, suggesting either a continuation or a possible pullback.
Key Levels:
Resistance Zone: $12.30 (recent 24h high)
Support Zone: $12.10 (recent low)
Trading Strategy:
1. Long Entry:
Entry Point: A good entry for a long position would be around $12.20 or $12.10, near the support zone. This could offer an ideal buying opportunity during a small pullback.
Target 1: $12.30 (recent resistance).
Target 2: $12.50 or higher if there is sustained momentum and the price breaks above the 24h high.
Stop-Loss: Set a stop-loss below $12.00 to limit risk, just under the key psychological level and support.
2. Short Entry:
Entry Point: Consider a short position if the price struggles to break above $12.30 and shows signs of rejection with decreasing volume.
Target 1: $12.10 (support level).
Target 2: $12.00, or further down to $11.90 if selling pressure increases.
Stop-Loss: Place a stop-loss above $12.35, just above the resistance, to manage risk if there is a bullish breakout.#ScrollOnBinance #APESurge #UptoberBTC70K? #BTCSoarsTo68K #Write2Earn!
