Chainlink (LINK) is currently retesting the 0.5 Fibonacci retracement level (~$16) on the daily chart, offering a promising long entry. There's still potential for a deeper pullback into the golden zone (0.618–0.65 Fib) near $15, which could serve as a second entry to average in.
This is a high R:R setup, ideal for spot buyers or swing traders looking to accumulate before a possible move higher.
🔹 Entry Zone: $16 (initial) | $15 (golden zone)
🔹 Stop-loss: Just below the previous higher low
🔹 Target: All-Time High (hopium target 🌕)
🔹 Risk-to-Reward: ~15:1
BTC is currently holding key support in the $102K–$104K range. If this level holds, LINK could be bottoming here before the next leg up.
Now might be a strategic time to enter or scale your position before strength returns.
This is a high R:R setup, ideal for spot buyers or swing traders looking to accumulate before a possible move higher.
🔹 Entry Zone: $16 (initial) | $15 (golden zone)
🔹 Stop-loss: Just below the previous higher low
🔹 Target: All-Time High (hopium target 🌕)
🔹 Risk-to-Reward: ~15:1
BTC is currently holding key support in the $102K–$104K range. If this level holds, LINK could be bottoming here before the next leg up.
Now might be a strategic time to enter or scale your position before strength returns.
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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.