$LINK /USDT ā BEARISH PRESSURE BUILDING ā ļøš»
Chainlink is currently facing resistance near the $21.30 level and failing to hold above short-term supports. With weakening momentum and a recent lower high, the market is showing signs of a potential bearish retracement. š
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š CURRENT PRICE: $21.13
š 24H HIGH: $21.33
š 24H LOW: $20.43
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š KEY LEVELS TO WATCH:
š Resistance Zones:
$21.30 (Immediate resistance)
$21.80 (Major resistance)
š Support Zones:
$20.80 (Key support)
$20.40 (Breakdown zone)
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š TRADE SETUP ā SHORT ENTRY
šÆ Entry: $21.10 ā $21.30 (on rejection)
šÆ Take Profit (TP):
TP1: $20.60
TP2: $20.40
TP3: $19.90 (if strong sell-off)
š Stop Loss (SL): $21.85
š Reasoning: Price is showing lower highs while struggling to break above resistance. Volume is declining, and sentiment appears to be cooling off.
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š§ RISK MANAGEMENT
Risk only 1ā2% per trade. Always respect your SL, avoid revenge trading, and wait for clean confirmations to enter. šš¼
š» Trade wisely, stay safe in volatility! #LINK #Crypto $LINK