LINKUSD
Today we will talk about LINKUSD's performance over the last 3 years and the most respected supply and demand zones for this currency pair, as shown. The range between $8.788 and $9.50 has been tested more than 4 times as a supply zone, then broke above it and retested it in August 2024. It was a great buying opportunity since it acted as a cluster zone between the upward trend from June 2023 to September 2023 and the demand zone we mentioned earlier. Afterward, the price rose to the strong supply zone between $12.40 and $13, which has now turned into a strong demand zone after the coin successfully broke through it following three attempts. Now, LINKUSD is on its way to test this zone again.
I recommend forming a buy position in this area, with the main target being a new high above $22. However, we will face a very strong zone between $17.5 and $18, as you can see in the chart. I suggest taking some profits in this area and waiting for strong price action to make a decision, whether it will continue or be temporarily halted. We will then wait for new buying opportunities to reach our larger goal of breaking above $22.
Stop loss at $10. Good luck to everyone!
I recommend forming a buy position in this area, with the main target being a new high above $22. However, we will face a very strong zone between $17.5 and $18, as you can see in the chart. I suggest taking some profits in this area and waiting for strong price action to make a decision, whether it will continue or be temporarily halted. We will then wait for new buying opportunities to reach our larger goal of breaking above $22.
Stop loss at $10. Good luck to everyone!
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