Chainlink is currently trading at $8.33, down nearly 9.55% in the last 24 hours. Price recently rejected from the $9.59 high and is now testing key support near the $8.20–$8.30 zone. With strong 24H volume around 25.47M USDT, momentum is building for a decisive move.
The MA lines (7/25/99) are tightening, signaling potential breakout or breakdown. If bulls defend this support, we could see a strong bounce toward recent resistance levels. However, losing $8.20 may extend the downside. Trade smart and manage risk carefully.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🚨 LINK/USDT 4H Trade Setup – Volatility Incoming! 🚨
Chainlink is currently trading at $8.33, down nearly 9.55% in the last 24 hours. Price recently rejected from the $9.59 high and is now testing key support near the $8.20–$8.30 zone. With strong 24H volume around 25.47M USDT, momentum is building for a decisive move.
The MA lines (7/25/99) are tightening, signaling potential breakout or breakdown. If bulls defend this support, we could see a strong bounce toward recent resistance levels. However, losing $8.20 may extend the downside. Trade smart and manage risk carefully.
📌 Entry Point (EP): $8.30 – $8.40
🎯 TP1: $8.65
🎯 TP2: $8.95
🎯 TP3: $9.30
🛑 Stop Loss (SL): $8.05
Stay disciplined and don’t chase candles. Let the setup play out! 🔥📈
$LINK