This K-line of LINK has caught my attention. Hello everyone, I am your old friend, and today I want to talk about my views on LINK.
Recently, LINK has been hovering around $12.400000. From a technical perspective, it is consolidating and building momentum. The RSI is currently at 45.9, still in the neutral zone. However, I believe this consolidation state will not last too long, as the market will eventually have to choose a direction to break through.
Personally, I lean towards a bullish stance for a simple reason: firstly, although the current price is not particularly low, considering the overall recovery trend in the cryptocurrency market, I believe LINK still has room to rise; secondly, the recent discussions in the community have been quite lively, and many people are paying attention to its next moves, indicating that there are still quite a few people in the market who are optimistic about its potential.
The key support level is at $12.030000. If it breaks below this price, I might have to consider temporarily exiting and observing. However, what I look forward to more is its ability to break through $12.650000. Once this level is breached, I believe it is highly likely to challenge the key resistance level of $12.770000, or even higher.
If it breaks below the key support, it must go.
So my plan is as follows: I will closely monitor the $12.650000 level, and if it can effectively break through, I will consider tentatively increasing my position; of course, if it unfortunately breaks below $12.030000, I will also decisively cut my losses, as preserving capital is the most important thing. 🔥🚀
What do you think about this level, brothers?
In short, now is the time to patiently wait for opportunities, do not easily chase highs or sell lows, and staying calm will help you survive longer in this market. I hope my sharing is helpful to everyone, let’s work hard together! 🐶
📈 Key price levels:
• Support level: $12.030000
• Resistance level: $12.770000
• Breakthrough level: $12.650000
⚠️ Disclaimer: The above is personal technical analysis for reference only and does not constitute investment advice.
