$LINK /USDT shart trade signal 🚦 🟥
TECHNICAL ANALYSIS: BEARISH REVERSAL AFTER STRONG RALLY?
Market Analysis:
LINK/USDT has experienced a strong rally, reaching a 24-hour high of $17.39 before facing selling pressure. The 30-minute chart shows a sharp rejection from the highs, with a notable red candle indicating a potential bearish reversal. Price has dropped below $17.00, suggesting weakening bullish momentum.
Trade Setup:
Entry Price: Below $16.90 (confirmation of further downside)
Take Profit (TP): $16.50 / $16.20
Stop Loss (SL): $17.20
Additional Insight:
The sharp rejection from $17.39 and increasing red candles indicate a potential pullback. If selling pressure increases, LINK may test $16.50 as the next support. However, a breakout back above $17.20 could invalidate the bearish setup, leading to further upside. Traders should monitor volume and price action closely before confirming entries.
