$LINK $LINK The $LINK /USDT pair has been on a downward trend recently, with the price declining from the $11.24 resistance level to the current price of $10.83. This represents a loss of over 3% in a relatively short period.

Key Levels

Support: The $10.51 level has acted as strong support during the recent pullback. If the price breaks below this level, it could signal a potential continuation of the downtrend.

Resistance: The $11.24 level represents the current 24-hour high and could act as immediate resistance. A break above this level could indicate a potential reversal of the downtrend.

Entry Signals

Short Entry:

A potential short entry signal could be a bearish breakdown below the $10.51 support level. This would confirm a continuation of the downtrend.

Alternatively, a head and shoulders pattern or a bearish divergence on the MACD could also be considered as potential short entry signals.

Long Entry:

A bullish breakout above the $11.24 resistance level could signal a potential reversal of the downtrend. This could be a good entry point for a long position.

A bullish divergence on the MACD or a bullish engulfing pattern could also be considered as potential long entry signals.#TetherAEDLaunch #BTCMiningRevenue #USElections2024Countdown #USEquitiesRebound #Write2Earn!