🚀 $LINK Building Strong Support Base, Long setup now⬆️
Entry zone: $8.80 - 9.00
Take profit:
🎯 TP1: 9.87 (Recent Local High)
🎯 TP2: 10.58 (MA99 Target)
🎯 TP3: 11.42
Stop loss: 8.25
🔍 Technical Analysis:
$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.
The 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.
Trade $LINK Here👇
