$LINK /USDT SHARP RETRACEMENT AFTER SPIKE — CAN SUPPORT HOLD?

$LINK reached a local high of $16.49 but faced an aggressive sell-off, dropping near $15.60 before bouncing slightly to $15.73. Bulls may try to reclaim control if price stays above this recovery base.

Trade Setup (LONG):

Entry: $15.60 – $15.80

Take Profit: $16.20 / $16.50

Stop Loss: $15.35

Market Outlook:

Despite the strong dip, price is still within bullish structure on higher timeframes. A reclaim of $16.00 can reignite upside momentum — watch for confirmation candles.

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