$LINK LINK/USDT is currently trading near 9.06 on the 4H timeframe after forming a strong reaction low at 7.15. The broader structure shows a sustained downtrend from the 13.00 region, but recent price action suggests early signs of recovery. The sharp bounce from 7.15 indicates strong demand absorption, and the market is now attempting to establish a higher-low structure. If price holds above the immediate support zone at 8.70–8.80, bullish momentum could continue building.
From a technical perspective, the first key resistance stands at 9.40–9.50, which aligns with previous short-term supply. A confirmed 4H close above this region could open upside potential toward 10.20, followed by 10.70–11.00 as the next major liquidity targets. Volume recovery and stabilization near support suggest accumulation rather than distribution. However, failure to hold above 8.70 could push price back toward 8.15, with major structural support remaining at 7.15.
$LINK Momentum indicators are recovering from oversold territory, supporting the possibility of a relief rally. Traders should watch for breakout confirmation with strong candle bodies and volume expansion before entering aggressive positions.
Key Technical Levels
Support: 8.70 | 8.15 | 7.15
Resistance: 9.50 | 10.20 | 10.70
Smart traders wait for confirmation — emotional traders chase candles.
Manage risk properly.
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
#cryptotradinganalysisboss #BinanceSquare #TechnicalAnalysis #LIN