$LINK /USDT BEARISH SETUP — DOWNSIDE MOMENTUM AFTER FAILED RETEST!
$LINK has dropped to $16.53 (-2.48%) after a rejection from the $17.98 resistance. The 4H chart shows a clear lower high followed by strong bearish candles, indicating a shift in sentiment. Price broke below key support near $16.80, suggesting potential for further downside.
Key Levels:
Resistance: $17.98
Support: $16.00 → next major at $15.06
Current Price: $16.53
Trade Setup (Short):
Entry: $16.50 – $16.70
Take Profit: $15.80 / $15.10
Stop Loss: $17.15
Risk Management:
Use 2-3% of capital only, and adjust position size based on SL range. Avoid overexposure during high volatility moves.
⚠️ This drop could just be the start — stay sharp and follow momentum!