⚡ $LINK Trendline Rejection Short Setup! 💥
$LINK just tapped the descending trendline near $15.9 and showed signs of exhaustion — a classic rejection setup in play. Price has been forming lower highs consistently, and this retest could mark another leg down if sellers stay active.
📊 Trade Plan:
🎯 Entry Zone: $15.90 – $16.00 (trendline rejection area)
🎯 Targets:
TP1 — $15.72
TP2 — $15.60
TP3 — $15.30
🛑 Stop-Loss: $16.10
LINKUSDT
Perp
14.2
-6.89%
Structure remains bearish under the trendline. A breakdown below $15.4 could accelerate selling pressure, confirming short continuation.
💡 Caution: Wait for candle confirmation before entry; a close above $16.2 would invalidate the setup.
🚨 Trendline still acting as strong resistance — bears may strike again soon! ⚡
