$LINK $LINK
LINK/USDT: A Bullish Surge, But Where to Next?
LINK/USDT has been on a tear, surging over 8% in the last 24 hours to trade around $13.23. This bullish momentum has caught the attention of many, but where does it go from here?
Key Levels to Watch:
* Support: The $12.97 level has acted as a strong support zone during recent dips. If it holds, we could see further upside.
* Resistance: The immediate resistance level is around $13.39. Breaking through this could open the door for a significant rally.
What's the Play?
For those looking to capitalize on this potential bullish momentum, a conservative entry strategy could involve buying near the $12.97 support level with a stop-loss below the recent low. The target could be the $13.39 resistance level or even higher if the bullish trend extends.
But Remember:
* Market Sentiment: The broader cryptocurrency market is still somewhat volatile. LINK's price could be influenced by overall market sentiment.
* Volume: While the 24-hour trading volume of 4.63M shows decent interest, it's important to monitor volume levels for confirmation of the bullish trend.
So, if you're considering LINK, keep a close eye on these key levels and be prepared to adjust your strategy based on market developments.
Disclaimer: This is not financial advice. Do your own research before making any investment decisions.
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