$LINK: Bottom Fishing Opportunity? 🎣
Entry Zone: $12.00 - $12.200Stop Loss: $11.600Take Profit Targets:
∙ TP1: $12.500∙ TP2: $12.850∙ TP3: $13.200$LINK has been grinding in a significant downtrend, falling from a high of $26,609 to a low of $8,164. Now, it’s attempting to establish a stable bottom around $12.200. Price action is showing slowing momentum with smaller-bodied candles, suggesting weakening selling pressure. The 7-day moving average (MA7) at $12.372 is closely aligned with the current price and trending horizontally – a potential reversal signal. 🚀
Currently, 59.31% of orders are leaning towards buying, indicating growing investor optimism at this level. Holding the $12.100 support and a resurgence in volume could trigger a technical bounce to retest higher resistance levels soon.
#Chainlink #CryptoTrading #Altcoins #TechnicalAnalysis 📈
