$LINK ๐ฅ TRADE AND INVEST ๐ฅ
Trade Setup:short โญ
Entry (Short): $16.94 โ $16.96
Take-Profit (TP): $16.55
Stop-Loss (SL): $17.15
$LINK ย has failed multiple times to break through the $17.15 resistance, forming a tight consolidation just beneath it. The latest candles show indecision and decreasing bullish momentum, suggesting a potential breakdown as sellers gradually take control.
Market Outlook:
The supply zone at $17.15 is rejecting price action repeatedly, and lower highs continue to form. Volume profile shows weakening demand. If $16.90 breaks with conviction, expect swift downside movement.