![How Chainlink [LINK] buyers can optimize their entries amidst this bull run](https://i.headtopics.com/images/2022/11/5/cryptoamb/how-chainlink-link-buyers-can-optimize-their-entri-how-chainlink-link-buyers-can-optimize-their-entri-1588932906306633728.webp)
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Chainlink rallied over its 20/50/200 EMA while unveiling a strong bullish advantage over the last few days. LINK’s funding rates marked a slight improvement in the last 24 hours. After striving to find a spot […]
The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.
After bagging an over 36% ROI in the last two weeks, LINK hovered near the trendline resistance at press time. With a corresponding incline in trading volumes over the past 24 hours, the buyers shared their intentions to maintain their edge in the coming sessions. A reversal from its immediate trendline resistance can propel a pulldown toward the 20 EMA level. An immediate or potential recovery above this trendline resistance could see a first major resistance level near the $9.3-region.
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