$LINK USDT – SHORT TRADE SIGNAL🔴
REJECTION AT $19.00 RESISTANCE
BEARISH ENGULFING NEAR SWING HIGH
Chainlink has printed a strong bearish pattern after failing to hold above the $18.77–$19.01 resistance zone. Price is now forming lower highs, indicating short-term weakness and a likely correction toward previous demand levels.
Current Price Action:
LINK is trading at $18.45 after a failed breakout and is showing signs of continued selling pressure. The path is open toward the $17.50 support, followed by deeper retracement targets.
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🔹Trade Setup:
• Entry Point: $18.45 – $18.60
• Stop Loss: $19.01
• Take Profit:
• TP1: $17.49
• TP2: $16.84
• Margin: 2–3% of wallet
• Leverage: 10x
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📉Market Outlook:
LINK is losing bullish momentum after a steep rally. A short-term correction is expected unless price reclaims $19.00 with strength.
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