2026-04-09 11:17:10

$LINK ‌LINK is currently around 8.760 USDT. Do you think we should keep grinding higher here, or is it about time for a pullback?

If I had to give a conclusion upfront, I’d lean more towards: after a surge, it’s better to wash out first.
Here’s my reasoning:
First, the price is already close to the resistance zone, and the upside potential and risk-reward ratio are both average.
Second, this rally seems more like an emotional boost, and the follow-through hasn’t caught up yet.
To add, if the 5-minute chart reclaims the key level, the 15-minute chart reclaims the previous high, or if a break leads to a higher low, then that would be invalidation signals.

A more comfortable entry point: 8.830 USDT
First target for taking profit: 8.304 USDT
Stop-loss reference: 9.040 USDT
But the biggest risk at this level is a sharp drop followed by an immediate rebound.

If you were trading here, would you prefer to go long and watch a bit longer, or just stay out altogether?

LINK-0.96%

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