$LINK /USDT – Short Trade Setup
LINK is trading at $22.04 (-1.03%) after facing rejection near the $24.50 resistance zone. The breakdown from the recent high, combined with increased selling volume, suggests potential for a deeper pullback.
Trade Setup (Short):
Entry: $22.00 – $22.20
Take Profit 1: $21.20
Take Profit 2: $20.50
Take Profit 3: $20.00
Stop Loss: $22.90
Market Insight: The failure to break above the $24.50 resistance has triggered bearish momentum. If LINK closes below $22.00 on the 1h chart, sellers could push price toward the $20.00 support zone.