📉 $LINK/USDT – Bearish Rejection From Resistance Zone

$LINK has failed to hold the key resistance area near $19.50, indicating clear weakness with declining momentum, especially as $BTC has stalled below critical levels. The price is currently moving within a short-term descending channel on the 4-hour timeframe.

If $BTC continues to decline, $LINK is poised for further declines in the short term.

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đŸ”» Short Entry Zone:

$19.00 – $19.50

🎯 Take Profit Targets (TP):

1. $18.70

2. $18.40

3. $18.10

4. $17.80

5. $17.50

❌ Stop-Loss (SL):

$19.90

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📊 Technical Indicators:

4H RSI is retreating from the overbought zone

Reversal candlesticks are forming near resistance

Moving averages are showing a negative crossover

Volume is declining, supporting weak momentum

⛓ Note: If $BTC breaks the 116,000 support, it could also reinforce the downtrend for $LINK

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