$LINK /USDT – BEARISH STRUCTURE PERSISTS
WEAK REJECTION NEAR $13.20
LOWER HIGHS FORMING SINCE $14.17 PEAK
Chainlink is showing signs of exhaustion after repeated failures near $13.20 resistance. The downtrend from the $14.17 top remains intact, with price consolidating below key moving averages and showing weak volume on green candles.
🔴 Short Trade Setup:
Entry Zone: $13.10 – $13.25
Take Profit: $12.60 / $12.20
Stop Loss: $13.55
📉 Market Outlook:
LINK is forming a potential bear flag, and unless bulls reclaim $13.50 with strong momentum, further downside is likely. Watch volume closely for confirmation.
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