Professor Mike Official
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Bearish
$LINK Bearish Retest Short Setup
$LINK has broken down from key intraday support and is now forming a weak consolidation beneath that level on the 1-hour timeframe. Lower highs continue to stack, signaling sellers remain in control and momentum favors continuation to the downside.
Entry: $17.85 – $17.95
Target 1: $17.48
Target 2: $17.12
Target 3: $16.78
Stop-Loss: $18.32
Risk Management: Use 3–5% capital allocation. Once Target 1 hits, move stop-loss to entry and ride the trend safely.
Pro Tip: Rejection wicks around $18.00–$18.10 confirm exhaustion if volume remains weak, expect another impulsive flush into lower liquidity zones.
#APRBinanceTGE #MarketPullback #WriteToEarnUpgrade
$LINK has broken down from key intraday support and is now forming a weak consolidation beneath that level on the 1-hour timeframe. Lower highs continue to stack, signaling sellers remain in control and momentum favors continuation to the downside.
Entry: $17.85 – $17.95
Target 1: $17.48
Target 2: $17.12
Target 3: $16.78
Stop-Loss: $18.32
Risk Management: Use 3–5% capital allocation. Once Target 1 hits, move stop-loss to entry and ride the trend safely.
Pro Tip: Rejection wicks around $18.00–$18.10 confirm exhaustion if volume remains weak, expect another impulsive flush into lower liquidity zones.
#APRBinanceTGE #MarketPullback #WriteToEarnUpgrade
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