Volume Zones Define LINKUSDT’s Next Move
2025-02-04
Category: None


The  BINANCE:LINKUSDT  chart shows the price still trading within the channel after a clear liquidity grab. The EMA ribbon remains bullish, indicating potential upward momentum, but critical levels need to be maintained for a sustained trend.

Currently, the 17.92 level serves as a key support within the channel. If the price holds above this level, we could see a potential retest of the upper resistance at 26.45. However, for a confirmed bullish trend, the price must sustain itself above 24.13, which represents the Point of Control (POC) of the channel — the level where the highest volume has been traded, making it a crucial area for validation.

On the downside, if the price breaks below 17.92, it opens the door to lower levels. The next significant volume zones are at 14.62 and 11.42, where price reactions would need to be reassessed for potential accumulation or further downside.

The immediate focus is on how the price reacts to the 17.92 support. A bounce and subsequent break of recent highs could present an attractive long opportunity, while a failure could lead to a shift in the market structure.

👨🏻‍💻💭 What’s your take on LINK’s next move? Will it hold the channel or dive to lower supports? Share your thoughts and let’s strategize!
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