$LINK Hits the Ceiling – $13 Rejection on Deck?"
$LINK is currently trading around $12.70, sitting just below a strong resistance zone at $12.80–$13.00. With waning bullish momentum, this could be a prime short opportunity.
Trade Setup:
Entry: $12.65 - $12.80
Stop Loss: $13.10
Take Profit Zones: $12.10 / $11.60 / $11.00
Risk/Reward: Clean 1:2.5 setup if rejection confirms
Suggestion:
Watch for a fakeout above $12.80 followed by a strong bearish candle. Confirm with decreasing volume and 1H RSI divergence.