LINK — Bullish Structure, Corrective Dip into Demand!

LINK remains overall bullish on the higher timeframe. Price is pulling back inside a descending channel (correction) after August’s impulse and is approaching a daily demand zone around $17–$18.5.

Scenarios:

Bullish 📈 Hold $17–$18.5 and/or break & close above $22.5–$23.5 → momentum toward $26, then $30+ if trend accelerates.

Bearish 📉 Daily close below $17 would weaken the structure and risk a deeper retrace before bulls try again.

Plan:
Look for confirmation at demand (higher low / bullish candle) or trade the break–retest above the channel for momentum entry.

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr