$LINK faces major resistance - increasing rejection
$LINK has tested the top of its range near $13.70 several times and shows signs of exhaustion. The price struggles to break through resistance and may set itself up for a sharp drop again within the range.
🔻 Bearish position
• Entry price: $13.72
• First profit price: $13.03
• Second profit price: $12.19
• Third profit price: $11.40
• Stop loss price: $14.54
Rejection of this resistance area may lead to a sharp decline towards lower support levels. Watch for confirmation candles and fading trading volume.
📉 Ideal selling opportunity if this level holds. Risk-to-reward ratio favors the bears!
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