$LINK /USDT Analysis: Breaking Key Resistance Levels $LINK is currently trading at $20.22, marking an 8.07% increase. The price has rebounded strongly from $17.83 and is approaching a critical resistance zone at $20.40.
LINK
13.6
-0.43%
Trade Setup:
Long Entry: Above $20.40
Target 1: $21.00
Target 2: $21.50
Stop-loss: $19.80
Short Entry: Below $19.80
Target 1: $19.20
Target 2: $18.60
Stop-loss: $20.40
Market Insight:
The RSI at 70.65 suggests overbought conditions, hinting at a potential retracement. Watch for a breakout above $20.40 to confirm bullish momentum. Failure to hold $19.80 could indicate a pullback toward lower support levels.