$LINK /USDT short trade signal ๐ ๐ฆ
BEARISH BREAKDOWN IN PLAY - SELLERS TAKING CONTROL!
ChainLink is currently trading around $12.75, failing to hold above the crucial $13.00 support zone. The recent price action shows a clear rejection from the $13.80 and $13.60 resistance levels, with lower highs forming, suggesting that the bears are gaining momentum. Immediate downside targets are now open as the market is leaning towards a bearish continuation.
Trade Setup:
Short Entry: $12.75
Take Profit (TP1): $12.38
Take Profit (TP2): $12.20
Stop Loss (SL): $13.20
Market Outlook:
The market structure has shifted bearish below $13.00. If the price stays under $13.20, we can expect further downside towards the $12.20 support. However, if the price manages to reclaim above $13.20, this setup will be invalidated.
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buy and trade here on $LINK