$LINK /USDT Rejection at Resistance Short đ»
$LINK has hit resistance at $15.86 and failed to break higher. A rejection candle on the 15M chart confirms weakness after the recent rally. Momentum is fading, and if the price stays below resistance, a short-term correction is likely.
đ» Short Trade Setup:
âą Entry: $15.81 â $15.86
âą TP: $15.59
âą SL: $15.96
âą Leverage: 10x
âą Risk: 2â3% of wallet
đ Market Outlook:
Price structure suggests a local top is forming. Sellers are gaining control, and unless LINK reclaims $15.86 quickly, expect a move toward lower supports. Look for confirmation via failed retests near resistance.