1️⃣ Trend Structure: Price trading below EMA(7, 25, 200) on 4H & 1D — bearish trend confirmed 2️⃣ RSI(6): Sitting near 30–40, showing bearish divergence without oversold bounce 3️⃣ MACD: Negative histogram, DIF < DEA — momentum favors bears 4️⃣ Volume Profile: Weak volume + OBV -47M, indicating buyer exhaustion 5️⃣ StochRSI: Under 50 (e.g., 22.05), signaling further downside pressure
⚠️ Risk & Management Notes ❌ Invalidation Zone: Trade invalid if ETH holds above $2,600 🔁 Trailing SL: Move SL to entry after TP1 is hit ❗ Avoid overleveraging; max 3x for volatility protection 🔍 Exit early if RSI(14) crosses 50 or MACD flips bullish
🎯 Take Profit Targets: TP1: $12.90 TP2: $12.50 TP3: $12.20 📉 Market Outlook & Technical Insight: $LINKUSDT is experiencing strong bearish momentum, consistently getting rejected below the $14.00 resistance level. Price action shows a clear series of lower highs, with significant rejection near the $13.70 mark.
If price breaks below the $13.20 support, it could trigger a sharp drop, confirming continuation of the downtrend. Volume is decreasing on up-moves and increasing on down-moves — a classic bearish signal.