LINK/USDT (4H) Market Update
$LINK is currently trading near 8.85 USDT, showing early signs of recovery after bouncing from the 7.15 major support. The recent structure indicates base formation with higher lows developing, suggesting buyers are slowly regaining control. As long as price holds above the 8.15 – 8.30 support zone, bullish momentum can continue building. A breakout above 9.40 is the key trigger level that could open the door toward 10.70 and potentially the 12.00 supply area.
On the downside, losing 8.15 may shift momentum back to sellers, exposing 7.80 and the critical 7.15 support again. The market is currently compressing, which often leads to a strong volatility move. Traders should watch for a confirmed breakout or a strong rejection from support before entering. Proper risk management and clear stop-loss placement are essential in this zone. 🚀
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
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