Short Trading Signal 🛑 🚦

Break of the Downward Channel – Short Trading Signal 🚨🔻

$LINK

It was climbing within a steep upward channel, but the price is now stopping at the upper resistance near $18.75. There is a possibility of a break from the ongoing channel, and the recent candles show uncertainty and rejection. This opens a window for a short-term correction as the bulls begin to lose control.

🔻 Trade Setup: Short Entry

Entry Zone: $18.52 – $18.56

Stop Loss: $18.95

Take Profit: $17.70

Leverage: 10x

Risk Allocation: 2–3% of the portfolio

📉 Market Outlook:

LINK's rise may need a breather. While it tests the upper limit of its upward channel, failure to maintain momentum could lead to a drop towards mid or lower support levels. Ideal conditions for a clean short setup.

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