📊 Chainlink ($LINK ) – Lower Timeframe Market Update

LINK has been consolidating since hitting $23 on Sunday – a key resistance level tested exactly as projected last week. The structure from the June low still shows potential for one more high to complete 5 waves up, but this would require price to hold above micro-support.

📌 Key Levels to Watch:

Key Resistance: $23.00

Micro Support Zone: $19.03 – $20.85 → holding here keeps wave 5 potential alive

Break Below $19.03: Confirms wave 2 pullback has started

Lower Support Zone (Wave 2 Target): $12.76 – $17.13

⚠️ Market Notes:

Wave 1 looks like a 3-wave move, so wave 5 could also be 3 waves (possible diagonal).

Even if a new high comes, it may just be a wick above $23 before reversal.

The low-risk/high-reward setup will come deep in wave 2 – not yet in play.

Similar pullback structure being seen across many altcoins right now.

📈 Outlook: Watch for short-term pullback continuation. If support holds, potential for a final push higher toward/above $23 before broader correction.

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