LINK/USDT 1H: Bullish Breakout – Targeting $15.45?
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Current Market Conditions (Confidence: 9/10):
LONG Trade Setup:
Risk Score:
Market Maker Activity:
Recommendation:
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Current Market Conditions (Confidence: 9/10):
- Price at $14.77, confirming a strong breakout above resistance.
- RSI at 66.12, signaling bullish momentum with room to push higher.
- Clear market maker accumulation pattern, supporting a continued uptrend.
- Hidden bullish divergence on RSI vs price, reinforcing strength in the move.
LONG Trade Setup:
- Entry: $14.70 - $14.77 zone.
- Targets:
- T1: $15.20 (first resistance).
- T2: $15.45 (extended liquidity target).
- Stop Loss: $14.20 (below recent support).
Risk Score:
- 8/10 – Strong structure but requires follow-through above $15.20.
Market Maker Activity:
- Accumulation phase is complete, marked by a clean breakout above $14.60.
- Strong support established at $14.20, reinforcing a high-probability long setup.
- Minimal overhead resistance until $15.20, increasing the likelihood of a sustained move higher.
Recommendation:
- Long positions remain favorable within the $14.70 - $14.77 entry range.
- Monitor price action at $15.20, as this level may lead to a temporary pause or consolidation.
- If volume continues to increase, expect a move toward $15.45.
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