$LINK is still climbing… but the move is starting to feel forced.
Short 9.24 – 9.72
SL 10.2
TP1 8.95
TP2 8.45
TP3 7.95
At first the breakout had real energy behind it.
Now price is trading deeper into resistance, yet every new push looks less explosive than the one before. That’s usually the first clue momentum is running out while supply quietly starts leaning on the move.
And this is where traders make the biggest mistake:
they confuse “price still going up” with “trend still healthy.”
Not the same thing.
The chart still looks bullish enough to attract breakout buyers, which is exactly why this area becomes dangerous.
If buyers fail to force a clean continuation here, the unwind can hit a lot faster than people expect.
I’d rather fade a stretched move losing momentum than chase upside after the easy leg already happened.
Short $LINK here 👇
