Chainlink (LINK) is the biggest decentralized oracle project in the crypto space based on market capitalization. LINK started gaining upward momentum after the general market correction took place a few days ago. The coin bounced off the support at $9, and it is now attempting to break the $12.85-$13.4 resistance.
The Opportunity
After LINK breaks its current resistance, the next resistance stands around $16.2, 25% away from the current price. A conservative entry would be just above the present resistance around $13.5, with $15.5 as the target. The target at $15.5 is well below the next major resistance level, and it is likely to be hit if the crypto market recommences a bull run.
This opportunity, from $13.5 to $15.5, offers a potential profit of almost 15%. As the trader, you are the ultimate decision-maker and have to decide whether this opportunity is right for you.
Looking Ahead: The coin has just been rejected for the third time by this resistance level. Therefore, if the breakthrough does take place, it will be all the stronger.
The Opportunity
After LINK breaks its current resistance, the next resistance stands around $16.2, 25% away from the current price. A conservative entry would be just above the present resistance around $13.5, with $15.5 as the target. The target at $15.5 is well below the next major resistance level, and it is likely to be hit if the crypto market recommences a bull run.
This opportunity, from $13.5 to $15.5, offers a potential profit of almost 15%. As the trader, you are the ultimate decision-maker and have to decide whether this opportunity is right for you.
Looking Ahead: The coin has just been rejected for the third time by this resistance level. Therefore, if the breakthrough does take place, it will be all the stronger.