$LINK is currently trading around 8.85 USDT, attempting recovery after a sharp decline from the 13.01 swing high down to the 7.15 major low. The 4H structure shows a clear downtrend followed by base formation near 7.15, where strong buying pressure entered the market. Price is now forming higher lows, indicating early signs of accumulation. If momentum continues, LINK could attempt to reclaim the 9.40 – 10.00 resistance zone, which is the first major breakout area.
🔹 Key Support Levels:
8.30 – 8.15 (Immediate support zone)
7.80 (Strong demand area)
7.15 (Major structural support)
🔹 Key Resistance Levels:
9.40 (Short-term resistance)
10.70 (Mid-range resistance)
12.00 – 13.00 (Major supply zone)
$LINK If price breaks and closes above 9.40 with strong volume, bullish momentum may push LINK toward 10.70 and potentially 12.00+. However, failure to hold 8.15 could result in a retest of 7.80 or even the 7.15 support.
The current structure suggests volatility expansion is near. Smart traders will wait for confirmation — either a breakout above resistance or a strong rejection from support — before entering. Always manage risk properly and avoid over-leverage. 🚀
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
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