$LINK USDT BEARISH REVERSAL – SELLERS TAKING CONTROL BELOW RESISTANCE

ChainLink is showing weakness after rejecting the resistance zone around $13.35 - $13.40, with price now hovering near $13.30. This rejection indicates strong seller pressure, suggesting a potential downside move towards the next major support.

🔻 Key Levels

Resistance: $13.35 – $13.40 (recent rejection zone)

Support: $13.10 (target support zone), further support near $13.00

📉 Trade Setup

Entry (Short): $13.35 - $13.36

Targets (TP):

TP1: $13.20

TP2: $13.10

Stop Loss (SL): $13.42

📊 Market Outlook Price action shows a bearish reversal after failing to hold above local resistance. Momentum has shifted to sellers with consecutive rejections, and a breakdown below $13.25 can accelerate bearish targets quickly.

⚠️ Risk Management Always use tight stop-loss to manage risk and protect capital. Maintain position sizing within your risk tolerance, and avoid over-leveraging in volatile market conditions.

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