$LINK /USDT – BEARS DRAG PRICE TO THE EDGE, BREAKDOWN LOOMS
Chainlink has slipped to test the $20.50 support zone after repeated rejections near $21.10. With SAR resistance pressing from above at $20.64 and momentum fading, sellers are tightening$LINK
their grip and a decisive breakdown looks imminent.
🔹 Trade Setup
Entry Zone: $20.55 – $20.70 (short entries)
Take Profit 1: $20.30
Take Profit 2: $20.00
Stop Loss: $21.15
📊 Market Outlook
$LINK is trading at the bottom of its 24h range with weak buying interest. A sustained move below $20.49 would confirm bearish continuation, exposing $20.00 psychological support. Bulls must reclaim $21.10 resistance to invalidate the downside setup, but current price action favors sellers.
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