LINK/USDT Facing on the strong resistance, Breakout or rejected?

💎LINK has undeniably attracted substantial attention in the market. At present, LINK is encountering a formidable resistance zone ranging from 18.3 to 19.5.

💎 This zone holds significant importance as a successful breakout from this area could pave the way for a noteworthy upward movement, probability allowing the price to reach our target in the bearish OB area.

💎 However, should LINK fail to secure a breakout, there is a possibility of encountering rejection at this resistance level. Such an outcome could lead to a downward trajectory, with the price retracing to the support area to establish new momentum.

💎 It's essential to note that the support area may not be an ideal entry point for purchasing LINK. In the higher timeframe (HTF), the price has yet to enter the retesting phase at the demand area, which serves as the supply zone within the accumulation zone.

💎 In this scenario, there is potential for the price to undergo a retest in this area, experience a bounce, and subsequently resume an upward movement, heralding a bullish season.