$LINK Just took a deep look at $LINK /USDC on the 4H chart 🧐
From the peak at 14.17, we’ve seen a clean drop, now sitting around 12.06 — down almost 5% in 24H. Bears clearly in control, but something interesting is shaping up…
🟡 Support came in at 11.70, and now we’re seeing small signs of a bounce. Not strong yet, but the RSI is at 28, which means it’s officially oversold. Could be prepping for a relief move?
📉 MACD still weak, both lines sliding below zero — momentum hasn’t shifted yet, so I’m being cautious here.
📌 For now, I’m watching 11.70 closely. If that breaks again, we might dip lower. But if bulls can push back above 12.30, I’ll start paying attention for a possible short-term recovery setup.
This isn’t a market to chase — it's one to understand 👇
💬 What’s your take — Are we bottoming here, or more pain ahead?
