$LINK is currently trading at $13.22, showing a modest rebound from the $12.75 low. The price is trying to form a higher low, but momentum is uncertain around the $13.33 resistance level.

*Trade Setup:*

- *Short Trade Setup (Rejection Play)*: Entry Zone $13.22 – $13.30, with potential targets at $13.00 and $12.83, and a stop loss at $13.38.

- *Key Levels to Watch*: Resistance at $13.33, support at lower levels.

*Indicators to Monitor:*

- *MACD and RSI Crossovers*: Watch for crossovers to gauge momentum shifts.

- *Volume*: Weak volume could indicate fading momentum.

It's essential to stay alert and adapt to changing market conditions. The ideal setup for a fade trade would be rejection near the recent lower high with weak volume ¹.