$LINK needs a reclaim of $8.1010, otherwise bounces remain suspect.

Breakdown watch | breakdown follow-through test | spot $8.0220 | 24h down 0.52%.
Support $8.0160 | resistance $8.1010.
Bias stays short watch while bounces fail below resistance.
Watch for a failed bounce below $8.1010 or a clean loss of $8.0160.
Bearish read weakens if price reclaims $8.1010 with strong participation.

Breakout or fakeout from here?

#LINK #Chainlink #TechnicalAnalysis

Informational only. Not financial advice.