$LINK /USDT BEARISH MOMENTUM CONTINUES – WATCH FOR FURTHER DOWNSIDE IF SUPPORT BREAKS

On the 30-minute chart, $LINK/USDT is trading around $20.30 after a sharp decline from the $21.90 area. Price briefly dipped to $19.82 before rebounding slightly, but still remains under heavy selling pressure with lower highs and lower lows. Unless bulls push above the $20.60–$20.80 zone, the trend bias remains bearish.

📊 Trade Setup:

Short Entry: $20.30 – $20.50 (on minor pullbacks)

Take Profit (TP): TP1 $19.90, TP2 $19.50

Stop Loss (SL): $20.85 (above intraday resistance)

(Aggressive traders could also wait for a confirmed break above $20.80 to flip long for a bounce to $21.20.)

🌐 Market Outlook:

Chainlink remains under short-term selling pressure as overall crypto sentiment softens. A sustained close below $19.80 would open the door to deeper losses. Conversely, reclaiming $20.80 would signal that bulls are regaining momentum. Keep an eye on BTC for broader market cues.

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buy and trade here on $LINK