Technical analysis by FieryTrading about Symbol LINK: Buy recommendation (9/12/2024)

LINK has recently touched the bottom purple support again. After 4 touches, this support seems to be an important level for traders.To optimize our entry, we're going to wait for the price to touch the support again in the coming weeks. With a stop below the recent fear-low and a target around the current all-time high we can construct a very decently bullish trade.Keep in mind that it's a risky bet. BTC is slowly bleeding and alts overall look bad. However, a R/R over 20 when trading from an established long-term support is worth a bit of risk.