$LINK — Bearish Pressure Persists After Flash Crash, Short-Term Rebound in Motion 📉📊
Following a sharp drop to $21.51, LINK has recovered above $22.90, showing signs of a short-term rebound. However, strong resistance in the $23.40–$24.00 range may limit upside unless bulls step in with significant volume.
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🎯 Short-Term Trade Setup:
• Entry Zone: $22.95 – $23.10
• Take Profit 1: $22.50
• Take Profit 2: $22.10
• Stop Loss: $23.45
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📉 Market Outlook:
Momentum remains fragile following the flash crash. Sellers are still active above $23.40, and without a decisive breakout and close above $24.00, the trend remains under short-term bearish pressure. Expect possible sideways movement or quick pullbacks until a clearer breakout signal appears.
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