🚀 $LINK / USDT – SHORT TRADE SIGNAL 🔻
🔥 Market Overview:
$LINK is facing strong resistance near $17.60–$17.80, failing to sustain above the key breakout zone. Price action shows rejection candles and a potential lower high formation, suggesting downside continuation toward $16.00 levels.
🔑 Trade Setup:
📉 Entry Zone: $17.40 – $17.60
🎯 TP1: $16.50
🎯 TP2: $16.10
🛑 Stop Loss: $18.02
💡 Market Outlook:
Trend: Bearish rejection from resistance zone
Resistance Zone: $17.60 – $18.00
Support Levels: $16.50 and $16.00
Momentum: Sellers regaining control below $17.40
Bias: Bearish below $17.60
⚡ Strategy & Risk Management:
Leverage: 3–5x (Moderate Risk)
Risk/Reward Ratio: ≈ 2.8:1
Confirmation on candle close below $17.30
SL to Entry once TP1 is achieved to lock in profit
✅ Summary:
Setup Type: Rejection from Resistance
Bias: SHORT
Targets: $16.50 → $16.10
Stop Loss: $18.02
Market Sentiment: Bearish