π Analysis:
Support Area: LINK is currently at a support level, potentially indicating a rebound.
Oversold Conditions: Medium timeframes show oversold signals, suggesting a potential reversal.
Upside Potential: Targets set at resistance levels.
π Trade Plan:
Entry: Consider laddering into a long spot trade in the $17.30 - $18.00 support area.
Take Profit: Target profits at $20.00 - $21.00 or higher towards $22.00 - $23.00.
Stop Loss: Set stop loss just below $17.00 to manage risk.
π‘ Note: Keep an eye on price action for confirmation of bounce and adjust strategy accordingly! Stay vigilant in monitoring market movements. ππ #LINK #SpotTrade ππ°