🔴 $LINK / USDT – 15m Technical Analysis

LINK is trading near 12.09 after a strong bearish breakdown, indicating short-term weakness and loss of momentum.

EMA Structure

EMA(7): 12.40

EMA(25): 12.45

EMA(99): 12.40

➡️ Price is below all key EMAs, confirming a short-term bearish trend.

Key Levels

Immediate Support: 12.00 – 11.95

Major Support: 11.60

Resistance: 12.35 – 12.45

Major Resistance: 12.75 – 12.90

Price Action Insight LINK faced strong rejection near 12.88, followed by heavy selling and a sharp breakdown below EMA support. This move suggests profit booking and short-term distribution after the recent push.

Scenarios

Relief bounce: Hold 12.00 → move toward 12.35 – 12.45

Bearish continuation: Break 11.95 → next target 11.60

Trend recovery only if: Price reclaims and sustains above 12.50

Trade Idea (Short-Term)

Buy zone (scalp only): 12.00 – 12.10

TP1: 12.35

TP2: 12.50

SL: 11.70

📌 Bias: Bearish short-term

Wait for confirmation at support before entering. Momentum is still on sellers’ side, so risk management is crucial.