$LINK is showing clear signs of exhaustion after failing to sustain above key resistance. Price has been repeatedly rejected from the 12.50-12.60 zone with long upper wicks and decreasing upside volume, indicating buyers are losing momentum.

The recent bearish reversal candles and lower highs formation suggest distribution is underway, with a corrective pullback likely toward lower support levels if price fails to reclaim 12.50.

Trade Setup

Entry Range: 12.30 – 12.40

Target 1: 12.10

Target 2: 11.90

Target 3: 11.60

Stop Loss (SL): 12.65

LINK
LINK
13.71
+2.85%