$LINK /USDT short trade signal 🛑 🚦
BEAR PRESSURE BUILDS AFTER MAJOR REJECTION
Chainlink faced a sharp rejection from the $24.00 resistance zone, triggering a breakdown below intraday support. Selling momentum is accelerating, and a sustained move under $23 could pave the way for deeper losses toward the $20 zone. Bulls need to reclaim $23.50+ quickly to avoid further downside pressure.
Trade Setup:
Entry Zone: $23.20 – $23.40
Take Profit 1: $21.50
Take Profit 2: $20.26
Stop Loss: $25.05
Market Outlook:
Momentum has shifted in favor of sellers, with a clear lower high formation signaling weakness. If the price fails to break back above the $24.00 supply zone, bears are likely to dominate the short-term trend. Watch for volume confirmation on any further downside moves.
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buy and trade here on $LINK