$LINK / USDT – SHORT TRADE SETUP ALERT!
Current Price: $17.22
Price Rejection at Highs – Bearish Pressure Building!
$LINK hit a 24H high of $17.81 but faced strong resistance, now slipping below the 7MA and 25MA. If $17.00 breaks, expect a sharp drop as bears gain control.
📉 Short Trade Setup:
Entry Zone: $17.25 – $17.10
Take Profit 1 (TP1): $16.70
Take Profit 2 (TP2): $16.20
Take Profit 3 (TP3): $15.60
Stop Loss (SL): $17.65
📌 Key Levels:
Resistance: $17.65
Support: $16.05
24H Range: $16.05 – $17.81
📊 Market Insight:
Volume is fading while price trades below key moving averages. If a 1H or 4H candle closes below $17.00 with momentum, it confirms a bearish reversal.
💡 Pro Tip:
Wait for confirmation below $17.00 before entering. Once triggered, scale out profits at key levels and adjust SL to break-even.
