$LINK BEARISH GRIND CONTINUES! CAN $15.70 HOLD OR IS $15.00 NEXT?
$LINK is trading at $15.72, up a modest +3.01%, but the broader trend remains bearish. After failing to reclaim the $16.10 zone, price continued sliding, now resting at a critical intraday support near $15.69. With lower highs stacking up, buyers need to step in fast.
Key Price Levels:
• Immediate Resistance: $15.90 – $16.10
• Major Resistance: $16.30 – $16.42
• Critical Support Zone: $15.68 – $15.70
Trade Setup – Watch for Breakdown or Relief Bounce:
Bullish Rebound Setup:
• Entry: Above $15.90 with bullish candle
• TP1: $16.10
• TP2: $16.35
• Stop-Loss: Below $15.68
Bearish Breakdown Setup:
• Entry: Below $15.68 with strong volume
• TP1: $15.30
• TP2: $15.00
• Stop-Loss: Above $15.90
$LINK is teetering at a fragile level. If $15.68 cracks, bears could drag price toward $15.00. A bounce is possible, but it must be confirmed with a reclaim of $15.90+. Stay defensive—watch the next 2–3 candles closely.