$LINK – REJECTION FROM $18.11! SHORT-TERM BEARISH SIGNAL EMERGING

SHARP DROP AFTER STRONG RALLY. RED CANDLE SIGNALS SELLING PRESSURE.

$LINK surged from $16.57 to $18.11 but failed to hold its gains, closing with a strong red candle and now trading at $17.60. The volume peaked on the breakout, but the immediate pullback suggests profit-taking and a potential short-term top. If $17.40 breaks, downside continuation may accelerate.

SHORT Setup

Entry: $17.55 – $17.65

Stop Loss: $18.20

Target 1: $17.10

Target 2: $16.50

Momentum has stalled — if buyers fail to reclaim $17.90 quickly, the setup favors the bears.

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