$LINK /USDT short tread single 🔴
SHORT TRADE SIGNAL – CUP PATTERN REJECTION NEAR RESISTANCE! 🔴
$LINK has completed a classic cup formation but failed to hold above the neckline near $14.33, showing clear signs of rejection. This false breakout is often a bearish signal, especially when price fails to maintain above breakout structure. With selling pressure now appearing, a short trade setup is developing below resistance.
Trade Setup (SHORT):
Entry: $14.32 – $14.35
Target 1: $14.15
Target 2: $13.90
Stop Loss: $14.75
Why Short?
The price attempted to break out of the cup-and-handle structure but faced immediate resistance at $14.33–$14.35. The presence of a strong red candle at resistance with failed follow-through suggests exhaustion. Sellers are now taking control, and a dip toward the base support at $14.15 is highly likely.
Risk Management Tip:
Always respect SL above $14.75. A true breakout would invalidate this short. Trail SL to protect profits after Target 1 hits.
Sell smart — don’t chase green candles when the trend is turning red!
Rejections at resistance are golden chances — short with confidence and manage your risk!
buy and trade here on $LINK