$LINK /USDT TECHNICAL ANALYSIS: DUMP THEN STABILIZATION – IS A BREAKOUT NEXT?
$LINK SHOWED A SHARP FALL FOLLOWED BY SIDEWAYS CONSOLIDATION. CURRENT PRICE ACTION INDICATES MARKET INDECISION.
BEARS ARE LOSING MOMENTUM BUT BULLS NEED TO STEP UP TO CONFIRM A REVERSAL.
After a massive drop from $14.50 to $12.75, $LINK/USDT has entered a low-volume sideways phase between $13.00 and $13.40. The pair is currently consolidating after a strong sell-off, indicating that buyers are defending key support but haven’t yet taken control.
Trade Setup (Short-Term Intraday to 4H Outlook):
Entry Zone: $13.05 – $13.20 (wait for retest with a strong candle close)
Take Profit (TP): $13.60 – $13.80
Stop Loss (SL): $12.75
This setup gives a risk-reward of around 1:2, favoring tight risk management while still capturing the next possible bounce.
Outlook:
Short-Term Bias: NEUTRAL TO BULLISH (if price holds $13+ and breaks $13.40)
Breakout Watch: Above $13.40 = potential move toward $13.80–14.00
Breakdown Risk: Below $13.00 = bearish continuation toward $12.50 zone
Stay alert for volume spikes or candle breakouts from the current range. Confirmation is key before entering a position.
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