LINK on 4H at resistance
Right now, LINK is trading in the 9.20–9.25 zone and has hit a key resistance level: descending trendline + supply zone 9.25–9.45. After an upward impulse, the movement is slowing down - this is a typical situation where the market is gathering liquidity before the next move.
Regarding liquidations, it's clear: there's a liquidity cluster above (~9.30+), and a strong base below (~9.0). This means the price is caught between the interests of buyers and sellers, and the next movement will be through a liquidation of one side.
🔴 Main scenario - short from liquidity
We expect liquidity to be gathered from above and a reaction downwards.
Entry: 9.30 – 9.45
Stop: above 9.60
Targets: 9.10, 9.00, 8.85
The logic is simple: the market is reaching for liquidity - it triggers the shorts and then reverses.
🟢 Alternative - continuation of the uptrend
If the price solidifies above 9.45:
Targets: 9.8 – 10
Action: short is canceled, we ride the trend upwards.
📌 Conclusion
Right now, LINK is not about guessing the direction but about waiting for the right entry point.
The best trades will be:
- either after an upward squeeze (short)
- or after a solidification above.
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