📉 $LINK / USDT – 4H Technical Outlook
Current Price: $16.40
Last Local Low: $15.43
Recent High: $20.28
🔍 Key Observations:
✅ Strong Rebound from $15.43 support — clean reaction wick
🔄 Price rejected at minor resistance near $16.90 (24h high)
📉 Still trading in a short-term downtrend within a broad descending channel
🔎 Volume: thinning out — suggests bounce was likely a relief rally
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What to Watch:
Support Zone:$15.30–$15.50 → key to hold for bullish structure
Resistance Zone: $16.90–$17.30 → needs breakout with volume for continuation
Break of $15.40 = continuation lower toward $14.20–$13.80 (demand zone)
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📊 Indicators:
Volume Profile: Selling has cooled off, but no strong buyer absorption yet
Momentum: Still bearish until a higher high forms above $17.30
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🔸 LINK is trying to bounce, but trend is still bearish unless bulls reclaim $17.30+
🔸 Patience is key — consolidation likely before decisive move
🔸 Good for range trading, but not a clean breakout play (yet)
