🚨 Chainlink ($LINK) – Short-Term Weakness Alert 🚨
Current Price: $21.80 (-2.98%)
Chainlink is showing cracks as sellers continue to reject price around the $22.50–$22.60 zone. The market reaction signals fading bullish strength, giving bears the upper hand in the near term.
📊 What to Watch:
If buyers fail to reclaim $22.50, expect renewed selling pressure.
Momentum suggests a retest of nearby support zones as traders lock in profits and reduce risk.
Market sentiment will also hinge on Bitcoin’s next move, which could accelerate LINK’s direction.
💡 Trading Setup:
Sell/Short Entry: $22.20 – $22.50
Profit Targets: $21.80 → $21.50 → $21.20
Protective Stop: $22.80
⚡ Quick Take: LINK remains vulnerable unless bulls stage a breakout above $22.80. Until then, the short-term trend favors sellers.
#LINK #AltcoinUpdate #CryptoTrading #DeFi #BinanceSquare