LINK Forecast

Wait 5 sec.

LINK ForecastChainLink / TetherUSBINANCE:LINKUSDTDaragolbonLINKUSDT LINKUSDT | 4H | Bullish Setup LINK is approaching a major ascending support trendline that has remained intact since July, making the current price area an important structural zone to watch. Despite the recent corrective decline from the $15.30 region, price is now testing this long-term dynamic support. A successful defense of this trendline could provide the foundation for a potential bullish recovery. Trade Rationale: The primary idea is to capitalize on a potential bullish reaction from the ascending support, rather than anticipate a reversal without confirmation. We are looking for buyers to regain control and push price above the $12.09 resistance area. A convincing 4H breakout and hold above this level would strengthen the bullish scenario and provide a more reliable entry opportunity. Key Levels: - Entry: $12.092 (conditional on confirmation) - Stop Loss: $10.981 - TP1: $13.674 - TP2: $14.440 - TP3: $15.346 Invalidation: A decisive breakdown below the ascending trendline and the $10.981 support would invalidate the current bullish setup. Market Outlook: Bullish bias, conditional on confirmation. The MACD remains below zero, indicating that bearish momentum has not yet fully faded. Therefore, patience and confirmation are essential before committing to the trade.