$LINK USDT – SHORT TRADE SIGNAL🔴
FAKEOUT ABOVE RANGE HIGH 🚨
SUPPLY REJECTION AT $17.49 🔽
$LINKUSDT spiked into resistance at $17.49 but faced immediate selling pressure, forming a long upper wick — a classic sign of a bull trap. Price has re-entered the consolidation zone, indicating possible downside continuation toward the $16.60–$16.30 support zone.
📉 TRADE SETUP
• Entry Point: $17.05 – $17.10
• Stop Loss: $17.49
• Take Profit:
• TP1: $16.84
• TP2: $16.48
• Margin: 2–3% of wallet
• Leverage: 10x
📊 MARKET OUTLOOK:
As long as $17.49 holds as resistance, momentum favors the bears. Breakdown below $16.84 could accelerate the drop into demand.
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