LINK – Bulls Need One More Break

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LINK – Bulls Need One More BreakChainlink/USDTOKX:LINKUSDTTheSignalystLINK has just rejected a major weekly support zone around $7, showing that buyers are still willing to defend this area. This support has played an important role historically, making the recent reaction particularly interesting from a long-term perspective. However, a rejection alone is not enough to confirm a major bullish reversal. 📌 For the bulls to take over long-term and start the next major impulse, LINK needs to break above the last major high marked in red around $10.50–$11.00. A clean break above this structure would signal a shift in momentum and could open the door for a much larger bullish move. Until then, the setup remains simple: support is holding, but the bulls still need to break structure. ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk and wait for proper confirmation before entering a trade. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀