Market Update (
$LINK /USDT – Daily Timeframe)
Price: ~$12.43
Trend: Short-term consolidation after a sharp pullback from the $15.00–15.20 resistance zone.
Structure: The chart shows a lower high sequence since the $15 top, indicating lingering bearish pressure. However, price is holding above the recent swing low, suggesting selling momentum is weakening.
Support Zone:
$12.00–11.60 (major demand; previous bounce area)
Resistance Zone:
$12.90–13.10 (near-term)
$14.40–15.00 (major supply)
Volume: Moderate, no clear expansion yet → market is waiting for direction.
Bias: Neutral to mildly bearish until price reclaims key resistance.
What Traders Can Do
1. Range Traders
Buy near $12.00–11.60 support with tight stops below $11.40.
Take profits near $12.90–13.10.
This works only while price stays inside the current range.
2. Breakout Traders
Bullish scenario:
Wait for a daily close above $13.10 with volume.
Targets: $14.40 → $15.00.
Bearish scenario:
If price breaks and closes below $11.60, expect continuation toward $10.80–10.00.
3. Swing Traders
Stay patient until a clear higher low forms or resistance is broken.
Avoid over-leveraging; volatility can spike quickly around these levels.
4. Risk Management
Keep position size small while price is compressing.
Use stop-losses—this is a decision zone, not a trend-confirmed setup.
#DXC mindset
LINK is consolidating after a deep correction. Smart money is likely waiting for confirmation. Traders should either play the range carefully or wait for a confirmed breakout/breakdown before committing.
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