$LINK — Bullish Structure, Corrective Dip into Demand 🔎📈

[theSignalyst]

$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.

Key levels

Demand / Support: $17.0–$18.5 (last breakout base, overlaps with channel bottom)

Trigger / Resistance: $22.5–$23.5 (channel top / short-term supply)

Extensions if confirmed: $26 → $30+ toward the broader channel highs

Read

Impulse → correction structure.

Best long setups typically form on a reaction in the green zone or on a clean break & retest above the red channel.

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