$LINK /USDT – Short-Term Bearish Setup After Rejection

Market Structure

LINK saw a sharp impulsive move up, followed by immediate rejection near the local high. Price is now consolidating below resistance, showing loss of bullish momentum after the spike.

Key Resistance Zone

12.70 – 12.90

This area has already been rejected. Wicks and failed continuation suggest strong sell pressure from this zone.

Current Price

~12.63

Bearish Scenario (Preferred)

Price is ranging just below resistance and forming a distribution-like structure. If LINK fails to reclaim 12.70, a downside continuation is likely.

Short Entry Zone

12.60 – 12.75

Targets

TP1: 12.44

TP2: 12.20

TP3: 12.00 – 11.90 (liquidity sweep & prior structure)

Stop Loss

Above 12.95 (clean invalidation above resistance)

Bullish Invalidation

A strong close and hold above 12.95 would invalidate the short bias and open room toward 13.20+.

Outlook

Momentum is cooling after an overextended push. Unless buyers reclaim resistance with volume, this move looks corrective rather than a continuation. Favor shorts on rejection, manage risk tightly.

Not financial advice. Trade with confirmation & proper risk management.