$LINK – Oversold territory. Bullish divergence forming at local lows.
Long $LINK
Entry: 8.19 – 8.35
SL: 7.80
TP1: 8.44 (MA 7)
TP2: 8.70 (MA 25)
TP3: 9.33
LINK is currently testing a significant psychological and structural support level after a sustained downtrend. The 4H chart shows that while the price is making slightly lower lows, the selling volume is tapering off, suggesting exhaustion among bears. We are seeing early signs of absorption near the 8.20 mark. A successful reclaim of the immediate moving average would confirm a shift in momentum, paving the way for a recovery towards the previous breakdown point. As long as the 8.00 region is defended, the setup for a sharp relief bounce remains intact.
Trade $LINK here 👇
LINK
8.36
+0.60%