$LINK /USDT – WILL THE BULLS FIGHT BACK OR MORE DUMP AHEAD? 🚨📉
$LINK has plunged -8.30%, testing a critical demand zone! Is this a buying opportunity, or will the slide continue?
📍 Key Levels:
🔹 Resistance: $13.50 – $14.00
🔹 Support: $12.40 – $12.80
🔹 Current Price: $12.81
📈 Long Trade Setup (If Support Holds)
🔹 Entry Zone: $12.50 - $12.90
🎯 Target 1: $13.50
🎯 Target 2: $14.00
🛑 Stop Loss: $12.20
📉 Short Trade Setup (If Rejected at Resistance)
🔹 Entry Zone: $13.40 - $13.80
🎯 Target 1: $12.80
🎯 Target 2: $12.40
🛑 Stop Loss: $14.20
📊 Market Outlook:
LINK is currently at major support, with a slight bounce forming.
A break above $13.50 could trigger a strong recovery.
Failure to hold $12.40 may result in further downside.
⚠️ Risk Management:
📌 Wait for confirmation before entering trades.
📌 Stick to stop-loss levels to avoid big drawdowns.
📌 Monitor volume levels to assess breakout strength.
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