š $LINK /USDT ā BEARISH MOVE AHEAD! š
š Technical Analysis (1D Timeframe):
$LINK is currently trading at $13.01, showing a strong rejection from recent highs and slipping -7.47% in 24h, indicating growing bearish momentum.
š Key Levels:
š Resistance: $13.60 ā”ļø Major rejection zone
š Current Price: $13.01
š¢ Support: $12.80 ā”ļø Last bounce level
š» Next Support: $12.40 ā”ļø Key demand zone
ā ļø Price failed to hold above $13.50 and has now broken below the intraday support of $13.20. A retest of lower levels seems likely as selling pressure increases.
š¼ TRADE SETUP: SHORT POSITION
š½ Entry: $13.00 ā $13.10
šÆ Targets:
⢠TP1: $12.80
⢠TP2: $12.40
⢠TP3 (extended): $12.00
š”ļø Stop Loss: $13.65 (above resistance wick)
š§ RISK MANAGEMENT:
š Risk 1-2% per trade.
š Position sizing based on SL distance.
š Use trailing stop once TP1 is hit to secure profits.
š„ Stay sharp, trade smart, and protect your capital! š„
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