LINK $27 Setup - Trade when others are in fear
2024-12-10

Crypto got a 10% slap over the last hours and altcoins like  BINANCE:LINKUSDT  are currently giving setups for both, long and short. As for now LINK holding above the $22.50 support zone means we're still in play for a long move up to $27 which would result in 15% return. If we brake that support we should wait for a short confirmation and enter a short trade to the nearest support zone at $21. Don't forget that the US100 is currently on the upper side of a broader wedge and could consolidate further until New Years Eve. This would also drag down crypto further. But as long as the support holds, I'm long.

 Support Zones 
 
  $22.50
  $21.00
 

 Resistance Zone 
 
  $27.00
 

Let me know what you think.