$LINK /USDT – BEARS DOMINATE AS PRICE HOLDS JUST ABOVE $16.00

Chainlink is trading at $16.07, down nearly -3.9%, after a sharp rejection from the $16.98 high. Price is clinging to the $16.00 support zone — a breakdown below this could accelerate losses, while reclaiming $16.20 would signal short-term recovery.

📊 Trade Setup (Short-Term)

Entry Zone: $16.00 – $16.10

Take Profit 1: $16.20

Take Profit 2: $16.40

Stop Loss: $15.90

📉 Market Outlook

LINK is in a steady downtrend on the 15m chart, with lower highs and heavy selling. Holding $16 is crucial — otherwise, a quick drop toward $15.85 is possible.

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