Buy
$LINK now
Entry Zone: 11.95 – 12.05
Take Profit Targets:
✅ Target 1: 12.20
✅ Target 2: 12.40
✅ Target 3: 12.60
Stop Loss: 11.80
Trade Analysis
Key Notes from the Chart:
The price is currently trading at 12.00 dollars (+4.62% today), and it remains above the 60-period moving average at 11.91
Strong bullish momentum as the price approaches the 24-hour high at 12.13
The recent candles show sideways trading above the main moving average support
Volume increased to 2,358.76 on the current candle compared to the 5-period moving average: 4,196.08
Technical Context:
The 60-period moving average at 11.91 acts as dynamic support
Price action indicates a bullish continuation pattern
The 5-period moving average at 4,196.08 is well above the current volume, indicating recent high activity
Daily Range: 11.40 - 12.13 (trading in the top 25% of the range)
Market Structure:
Today: +0.00% (sideways trading during the day)
7 Days: -6.90% (recovery from recent decline)
30 Days: -2.52% (showing recovery momentum)
The current rebound suggests a potential trend reversal
Confirmation Signals:
A breakout above 12.05 is required for continuation
Increased volume during upward movements
#LINK #defi #FedWatch #BukhariTechTips $LINK