$LINK /USDT Bearish Entry Setup (15m Chart Analysis)
Current Price: $15.08 (-0.07 from MA7)
Market Structure: Price is showing signs of weakness after reaching $15.31, facing rejection from MA(7) and MA(25).
Bearish Entry Setup:
🔻 Entry Zone: $15.10 - $15.15 (Pullback to resistance)
🔻 Take Profit (TP) Levels:
TP1: $14.96 (Recent support level)
TP2: $14.87 (Next strong support)
TP3: $14.65 (MA99 - Major support level)
🔻 Stop Loss (SL):
$15.22 (Above MA25 to avoid fakeouts)
Confirmation for Entry:
✔ Price failed to hold above MA(7) & MA(25) → Bearish Sign
✔ Volume declining while price retracing → Weak buyers, possible drop
✔ If price retests $15.10 - $15.15 and rejects, strong entry point
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