$LINK USDT short tread signal š¦ š
BEARISH BREAKDOWN ā SHORT OPPORTUNITY LOADING
Chainlink is showing strong bearish momentum after a clear rejection from the previous support-turned-resistance near $13.20-$13.30. Price is locked within a descending channel, and the recent retest has failed to reclaim the breakdown zone, signalling continuation to the downside.
š» TRADE SETUP (SHORT)
ā¢ Entry Zone: $12.85 ā $12.90
ā¢ Take Profit 1: $12.70
ā¢ Take Profit 2: $12.50
ā¢ Stop Loss: $13.10
š MARKET OUTLOOK:
Momentum remains firmly bearish with lower highs and lower lows forming consistently on the 30m timeframe. The breakdown below $13.00 has confirmed further downside pressure as sellers dominate. Watch for aggressive selling towards the next major support near $12.50 if the downtrend sustains.
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buy and trade here on $LINK