$LINK /USDT short trade signal š¦ ā¤ļø
based on current market data:
$LINK /USDT
HEAVY SELL-OFF FROM $14.74 RESISTANCE
STRONG BEARISH CANDLE FORMS BELOW $13.50
SUPPORT NEAR $12.70 UNDER TEST
Chainlink is trading at $13.18, down -10.16% in the past 24 hours. After reaching a high of $14.74, the price retraced sharply, forming a bearish engulfing pattern. Current price action shows weak buying near the local support of $12.75, with no clear reversal signs yet.
š Trade Setup: SHORT (trend-following setup)
Entry: 13.20ā13.30
Target 1: 12.70
Target 2: 12.10
Stop-loss: 13.65
š Market Outlook: Bearish ā LINK is facing macro resistance from long-term sellers and token unlock activity. Any relief bounce is likely to be sold into unless the price breaks back above $14.50.
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buy and trade here on $LINK