$LINK /USDT - Short Trade Alert! 🔥💯
Chainlink (LINK) has experienced a significant decline, dropping from a high of $25 in January to its current price of $15.00, marking a 40% decrease. The price is now facing strong resistance at the $15.70 level, indicating a potential continuation of the downtrend. 
Trade Setup
• Entry: $15.50 to $15.70
• Take Profit: $14.50
• Stop Loss: $16.20 
• Recommended Leverage: 5x to 10x
Market Analysis
The recent price action suggests that LINK is struggling to overcome the $15.70 resistance, with on-chain data showing a sell wall ahead that could hinder recovery in the short term. If the price fails to break above this level, a further decline toward $14.50 is likely. 
Recommendation
Traders should consider entering a short position within the specified entry range, targeting the $14.50 level. It’s crucial to set a stop loss at $16.20 to manage potential risks. As always, ensure proper risk management and stay updated with market developments.