$LINK Downward Momentum Building – Is a Deeper Correction Ahead?
$LINK is facing strong selling pressure after failing to hold above $26, with a sharp -3.58% daily drop. The 1H chart reveals consistent lower highs and a breakdown below key support near $26, signaling bearish control as price slides to $25.04.
Trade Setup (Short Signal)
• Entry Zone: $25.00 – $24.80
• Stop Loss: Above $25.50
• TP1: $24.50
• TP2: $24.00
• TP3: $23.50 (extended target)
Market Insight:
Volume is elevated during the decline, indicating sustained bear interest. If $LINK fails to reclaim $25.50 on the next 1H close, further downside could target the 24h low of $24.98 quickly. Watch for any rebound attempts, but momentum favors shorts.
Buy and trade $LINK here👇🏻