Bearish on #LINKUSDT Perp🔻
Key Reasons:
1. Rejection at Critical Resistance:
- Price rejected at Middle Bollinger Band (14.386) and trades below it (13.802).
- Failed to hold gains near 24h High (14.188) despite +1.15% pump.
2. Bearish Momentum & Volume Divergence:
- MACD: -0.002 (bearish crossover persists despite oversold RSI).
- Declining Volume MA(5): 171.29M vs. MA(10): 205.75M (fading bullish interest).
- OBV: -11.12M (sustained selling pressure).
3. Overcrowded Longs & Funding Risk:
- 81.7% of accounts are LONG (extreme bullish bias).
- Negative Funding Rate (shorts paid: -0.021%), signaling bearish sentiment.
- High long liquidation risk near $14.20 resistance.
4. Weak Sentiment Confirmation:
- Williams %R: -69.9 (approaching oversold but no reversal signal).
- STOCHRSI: 74.92 (overbought) – bearish in downtrend context.
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### Trade Setup:
- Entry Zone:13.80-13.90 (current price + resistance retest).
- Stop Loss:14.19 (above 24h high).
- Take Profit:12.99 (Lower Bollinger Band).
### Action:
Short with 1:3 risk-reward ratio. Move stop to breakeven if price breaks 13.58 (24h low).
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