$LINK /USDT BEARISH REVERSAL SIGNAL — REJECTION FROM $17.40 ZONE SPARKS SELL PRESSURE!
$LINK spiked to $17.47 but faced strong resistance, now pulling back to $16.52 despite a +2.29% 24h gain. The lower high formation on the 1H chart and loss of bullish momentum indicate a potential short-term correction toward key support levels.
Trade Setup:
Short Entry: 16.60 – 16.90
Take Profit: 16.00 / 15.60
Stop Loss: 17.40
Market Outlook:
The failure to hold above the $17.20 zone signals possible weakness ahead. If LINK breaks below $16.40 with volume confirmation, it could trigger further downside. Bulls must reclaim $17.20+ for any renewed upside bias.
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