$LINK /USDT: Short Trade Opportunity🔥💯
Analysis Overview:
Chainlink (LINK) has displayed a bearish momentum, with the price trending downward near the $23.66 mark on the 15-minute timeframe. The break below key support zones signals a potential short trade setup.
Trade Details:
1. Entry Point: $23.60 (upon a confirmed close below $23.60)
2. Take Profit 1 (TP1): $23.20
3. Take Profit 2 (TP2): $22.90
4. Stop Loss (SL): $24.10
Rationale:
• The recent lower highs and lower lows confirm a bearish structure.
• A sharp rejection from the $24.60 level indicates selling pressure.
• The 24-hour low of $23.42 acts as a potential magnet for further downside.
Risk Management:
• Ensure proper position sizing.
• Exit the trade if price closes above $24.10.
Stay vigilant for volatility near support and resistance levels.
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