$LINK Struggles Near Key Support — Breakdown or Bounce?
ChainLink (LINK) is currently trading at $17.29 after dropping 3.03%, struggling to hold above a critical support zone around $17.20. The price action shows repeated rejection from the $17.50–$17.60 range, suggesting seller dominance. If LINK fails to hold this support, a further decline toward $16.90 is possible. However, a bounce from here could retest $17.60 or even $17.85 if bullish volume returns.
Trade Setup (Short Bias):
• Entry: $17.25 – $17.35
• Stop Loss: $17.65
• Target 1: $17.00
• Target 2: $16.90
