Short trading opportunity on $LINK from the oversold area – Is it time for a rebound?
Technical Analysis – LINK/USDT (Daily Frame):
Chainlink (LINK) is currently trading at 13.88 USDT after a series of red candles, placing it in a potential area for a technical rebound, especially after breaking the lower Bollinger band and the beginning of price consolidation.
Technical Indicators:
RSI = 23.2 → Clear oversold condition = Strong rebound possibility
Bollinger Bands → Lower band break with slight rebound
MACD is still negative but selling momentum has started to weaken
Consecutive bearish candles = Significant selling pressure that may turn into a rebound
Spot Trading Strategy:
Entry 13.75 – 13.90 USDT
First Target 14.40 USDT
Second Target 14.90 USDT
Stop Loss 13.45 USDT
Duration 1 to 3 days maximum
The trade relies only on a short-term technical rebound
A daily close above 14.00 = Start of a new upward wave
Notes:
Do not enter futures contracts with small capital
Spot trading is better in oversold areas
Adhere to risk management and do not be greedy for a target that is too far without confirmations
Question for the audience:
> Do you expect LINK to actually rebound from this area and break 14$?
Or is this just a temporary pause before a new drop?
Share your analysis in the comments 👇
