🟡 $LINK Trade – Range Breakdown, Bearish Momentum Building (15m) 🟡
$LINK failed to hold its range support and saw a sharp breakdown toward the lower demand zone. Price is now trading below key EMAs, and any bounce so far looks corrective rather than a true reversal.
📊 Market Structure (15m)
• Clear rejection from 9.04 range high
• 8.75 range support broken → now resistance
• Price below EMA 7 / 25 / 99 → sellers in control
• Lower highs forming after rejection → bearish continuation
• Sell-off shows momentum → buyers currently weak
📌 Key Levels
• Resistance: 8.72 – 8.80
• Immediate Support: 8.60 – 8.58
• Major Support: 8.53
🎯 Trade Scenarios
🔴 Short on Pullback (Preferred)
Entry: 8.72 – 8.80
SL: Above 8.95
TP1: 8.60
TP2: 8.53
TP3: 8.45
🟢 Bullish Reversal Only If:
• Price reclaims 8.95 – 9.00
• Holds above EMAs with strong volume
As long as LINK stays below 8.80, upside moves may continue to face selling pressure. Current structure favors sell-the-rallies.
⚠️ Bias flips bullish only above 9.00
💬 Relief bounce or more downside ahead? Share your thoughts 👇
#LINK #WhaleDeRiskETH #GoldSilverRally #BinanceBitcoinSAFUFund #WhenWillBTCRebound