$LINK Breakdown Alert – Weak Low Under Pressure, Is $14.60 Next🤔🔐👇
Chart Analysis – LINK/USDT
Current Price: $15.11
Timeframes: 1D | 1H | 15M
Trade Duration: Short-term swing (12 to 24 hours)
Chart Structure & Pattern:📊
$LINK Price has formed multiple Lower Highs, along with Change of Character (CHoCH) and Breaks of Structure (BOS) on the 1H and 15M timeframes.
Trading below all major EMAs with visible weakness near the $15.40 resistance zone.
Stochastic RSI is reversing downward from mid-range levels (currently around 49–31), suggesting further downside momentum.
Bearish Strategy Plan:📈
Sell Entry Zone: $15.18 – $15.25 (on rejection)✅
Targets: 🎯
TP1: $14.85
TP2: $14.60
Stop Loss: 1H candle close above $15.40
Why Bearish Bias?❌📈
Repeated rejections from supply zones forming consistent lower highs
Price is below key moving averages, with no bullish divergence
The “weak low” region has been tested multiple times – a breakdown appears likely
Global Sentiment Impact:🌍
Recent volatility in Bitcoin and absence of strong bullish catalysts across the DeFi sector have added pressure on altcoins
Chainlink is in a mid-range consolidation while funding rates lean neutral to negative
Key Takeaway:🧑🏫
$LINK is currently hanging on to its support level. If it closes below $15.05, we may see a quick slide toward $14.60. Let the setup confirm before entering.
👨❤️👨"Don’t predict the market, react to it. The setup is always in the reaction, not the assumption."
Disclaimer:⚠️
This analysis is for educational purposes only. Always apply proper risk management before entering any trade.