$LINK is trading at 8.34 after a sharp -6.7% drop from the 8.94 high. Price is compressing just above critical support at 8.30–8.24. The structure shows lower highs forming on lower timeframes, signaling weakening bullish momentum. A clean break below 8.24 can trigger an accelerated downside move.
Trade Setup
Entry Zone: 8.30 – 8.40
Take Profit 1 (TP1): 8.10
Take Profit 2 (TP2): 7.90
Take Profit 3 (TP3): 7.65
Stop Loss (SL): 8.65
Momentum favors sellers unless bulls reclaim higher levels quickly.
Buy and trade here on $LINK
LINK
8.89
+1.13%