【LINK Is this taking off or burying someone?!】
I saw some news: Chainlink Price Tests Critical $12.40 Pivot as LINK Struggles Below All Moving Averages, it feels like LINK is up to something! Wow, this wave of market is really love-hate. To be honest, I've been watching LINK for quite a while and found that its current trend indeed requires patience.
Currently, LINK's price is $12.150000, the trend is still fluctuating and building momentum, RSI 46.1, which is in a neutral and slightly weak state. The support level is at $11.790000, the resistance level is at $12.510000, and the key breakout price is $12.390000. From a technical perspective, LINK is currently in a rather critical position; if it can break through $12.390000, it may usher in a wave of increase; but if it breaks down the support at $11.790000, it may need to continue to explore downward.
Recently, there was news that Bitcoin took a breather as it approached the current range point, and then mentioned that Apeing (herd speculation) might become the next big narrative. Brothers, I think this is a double-edged sword for LINK. On one hand, if market sentiment is high and capital flows in, projects like LINK with actual application scenarios will definitely benefit; but on the other hand, if the market is just a short-term speculation, then LINK may also be quickly pulled up and then fall back. My experience tells me to be cautious in operations at this time, and not to blindly chase highs and sell lows.
My trading plan is as follows: I currently hold part of my position and plan to increase my position when the price breaks through $12.390000, with a target of $12.800000. The stop-loss is set at $11.790000; once this position is broken, I will immediately stop loss and exit. After all, preserving the principal is the key.
What do you think of this position? Welcome to discuss!
📊 Key price levels:
• Support level: $11.790000
• Resistance level: $12.510000
• Breakout level: $12.390000
