🔴 $LINK /USDT: RSI Alerting Short Signal on Overbought Conditions! 🚨

$LINK is at $23,866, up by a massive 13.28%! On the 15-minute chart, the price is overextended with the RSI at 77.139, deep in the overbought zone, which can signal a short-term pullback or correction.

Key Observation:

⚠️ RSI is highly overbought, indicating a potential reversal after a steep pump.

Potential Bearish Scenario:

⬇️ A correction could see the price pull back to test key support levels.

Potential Targets:

🎯 Short-term: $23,582 (MA(7))

🎯 Mid-term: $22,349 (MA(25))

Stop Loss (SL):

🛑 A stop loss could be placed just above the 24h high at $24,200 to protect against a continued pump.

Important Note: The overall trend is still strongly bullish on this timeframe. This signal is for a potential short-term counter-trend trade. Monitor price action closely for confirmation of a breakdown.