$LINK – BEARISH BREAKDOWN CONFIRMED! BOUNCE FAILING BELOW $16.40

LOWER HIGHS • WEAK RECOVERY FROM SUPPORT

$LINK has broken down sharply from the $17.20 high, establishing a clear downtrend. After hitting a fresh low at $16.20, price attempted a small bounce but failed to reclaim the $16.40–$16.60 resistance zone. Volume remains weak on the recovery, suggesting buyers are losing strength. A breakdown below $16.20 could lead to a continuation toward $15.80 or lower.

Short Entry: $16.35

Targets: $16.00 / $15.80

Stop Loss: $16.60

Bears remain in control — momentum favors a continued move to the downside unless bulls reclaim key resistance fast.

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