$LINK /USDT – Bearish Structure Below Major EMA Resistance

$LINK is currently trading near $8.96, bouncing modestly but still trading well below key EMA resistance levels. The EMA(25) at 10.71 and EMA(99) at 13.26 remain far overhead, indicating strong bearish structure and dominant selling pressure. Recent upside attempts are being capped, suggesting this move may be corrective rather than a true reversal.

Trade Setup

Entry Range: $9.10 – $9.40

Target 1: $8.60

Target 2: $8.10

Target 3: $7.20

Stop Loss (SL): $9.85

Short Outlook of Market:

LINK remains in a bearish trend, trading below all major EMAs with weak bullish follow-through. As long as price stays below the $9.40–$10.00 resistance zone, downside continuation toward lower demand levels remains likely.

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