$LINK /USDT BEARISH RETRACEMENT — CHAINLINK STRUGGLES TO HOLD ABOVE $22 SUPPORT!

$LINK is facing selling pressure after failing to sustain above the $22.90–$23.00 resistance zone, now retracing toward the $21.70–$21.50 area. The 4H chart shows a series of lower highs, signaling a short-term bearish structure. If bears push below $21.50, LINK could slide further toward $21.00 before finding new buying interest. Momentum indicators like RSI are turning downward, confirming weakening bullish strength and growing sell-side momentum.

🔹Trade Setup:

Entry (Short): $22.00

Target (TP): $21.50 / $21.00

Stop Loss (SL): $22.70

📊Market Outlook:

While LINK remains fundamentally strong, the current technical setup suggests a short-term pullback before any potential bullish continuation. A bounce from $21 could set the stage for recovery if buyers return with volume.

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