$LINKUSDT Double Bottom

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$LINKUSDT Double BottomChainlink/Tether Perpetual ContractKUCOIN:LINKUSDT.Pcrypto_vulture_signalsThe chart shows LINKUSDT Perpetual Contract on the 1D timeframe with a developing double bottom pattern after a prolonged downtrend. Two comparable lows are marked as Bottom 1 and Bottom 2, indicating a potential reversal structure if price continues to hold above the recent support area. The current price is trading around 7.94 USDT, with the two major support areas visible near 6.99 USDT (marked low) and the second bottom around the same zone. Holding above this support keeps the pattern valid. The neckline resistance is located around 8.50–8.70 USDT. A sustained move above this resistance could confirm the double bottom breakout and strengthen the bullish structure. Watch for confirmation before considering the pattern complete. The chart projects a target near 10.50 USDT, representing an approximate 20–25% move from the current price zone if the breakout is confirmed. If price fails to maintain support and breaks below the 6.99 USDT low, the double bottom structure would be invalidated, and the bullish scenario may no longer remain valid. This analysis is based only on the visible chart structure and is intended for educational purposes. Always wait for confirmation and manage risk appropriately.