🚨 ALERT: $LINK Rebounds But Is It a Dead Cat Bounce? ❓

Current Price: $10.75

24H Range: $10.10 – $12.71

Intraday Drop: -15.15%

Stoch RSI: 95.58 (overbought conditions)

📊 Market Structure:

$LINK made a sharp recovery from $10.10, but don’t jump the gun yet. This could be a short-term relief rally, possibly driven by dip buyers and short squeezes. The price needs to reclaim $11.20 for a more convincing bullish shift.

📌 Key Levels to Watch:

Resistance: $10.95–$11.20

Support: $10.40 (critical to hold above this level)

Breakdown Risk: If the price falls below $10 again, expect further downside.

⚡️ Final Take:

While the bounce is showing strength, the market sentiment remains shaky. Volume and confirmation are key—without it, this could just be a short-lived relief. Wait for stronger evidence of bullish continuation before taking action.

Caution advised—don't get trapped by a false rally.