2025-12-05 00:56:24

$LINK tested the 11.8$ area and then reversed sharply with a long-bodied green candle.

It can be determined that the bottom has been successfully tested and reversed.
However, I think there will be a correction to the 12.77$ area or even deeper to 12.38$. Personally, I lean towards the 12.38$ area because it is the confluence of horizontal support and the diagonal trendline. The time to test may not be today, but tomorrow. That’s because the 3D candle closes tomorrow and there will be a new 3D candle. $LINK will test the 3D timeframe all at once.
After that, it will move up to test the upper boundary of the descending channel at the 14.6$ price area. After breaking out of the channel, it will continue to make a slight correction to retest the channel and then move up to test the 20$ resistance area. For now, that’s what I see; whether it can go further to test the edge of the descending triangle on the M timeframe is uncertain.

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