$LINK
Facing Strong EMA Resistance – Bears Still in Control
Chainlink is currently trading around $8.65, showing continued weakness on the lower timeframes. EMA7 and EMA25 are moving close together but both remain below EMA99, which keeps the short-term structure bearish.
🎯 Short Setup:
Entry Zone: $8.72 – $8.88
Targets:
TP1: $8.45
TP2: $8.22
TP3: $7.95
🛑 Stop Loss: $9.05
Traders should watch for rejection near the EMA resistance before entering positions.
Not financial advice.
#LINK #cryptotrading #TechnicalAnalysis #BinanceSquare
Facing Strong EMA Resistance – Bears Still in Control
Chainlink is currently trading around $8.65, showing continued weakness on the lower timeframes. EMA7 and EMA25 are moving close together but both remain below EMA99, which keeps the short-term structure bearish.
🎯 Short Setup:
Entry Zone: $8.72 – $8.88
Targets:
TP1: $8.45
TP2: $8.22
TP3: $7.95
🛑 Stop Loss: $9.05
Traders should watch for rejection near the EMA resistance before entering positions.
Not financial advice.
#LINK #cryptotrading #TechnicalAnalysis #BinanceSquare