LINK/USDT is trading near $8.47 on the 4-hour chart after recovering from the major support area around $7.67.
The price is currently approaching strong resistance at $8.546. Although short-term momentum is improving, LINK may first retrace toward the $7.79–$7.95 demand zone, where buyers previously entered the market.
A bullish reaction from this zone could push the price back toward $8.546. However, a confirmed breakdown below $7.673 would invalidate the bullish setup.
Trading Levels:
Entry Zone: $7.79–$7.95
Take Profit 1: $8.546
Stop Loss: $7.673
Market Bias: Neutral to slightly bullish
Setup Invalidation: 4-hour close below $7.673
Key Technical Points:
$7.79–$7.95 is the main demand zone.
$8.546 is the primary resistance and profit target.
Momentum is improving, but price remains below resistance.
A breakout above $8.546 could strengthen the bullish structure.
A breakdown below $7.673 would indicate further downside risk.
The price is currently approaching strong resistance at $8.546. Although short-term momentum is improving, LINK may first retrace toward the $7.79–$7.95 demand zone, where buyers previously entered the market.
A bullish reaction from this zone could push the price back toward $8.546. However, a confirmed breakdown below $7.673 would invalidate the bullish setup.
Trading Levels:
Entry Zone: $7.79–$7.95
Take Profit 1: $8.546
Stop Loss: $7.673
Market Bias: Neutral to slightly bullish
Setup Invalidation: 4-hour close below $7.673
Key Technical Points:
$7.79–$7.95 is the main demand zone.
$8.546 is the primary resistance and profit target.
Momentum is improving, but price remains below resistance.
A breakout above $8.546 could strengthen the bullish structure.
A breakdown below $7.673 would indicate further downside risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.