$LINK /USDT — Bearish Pressure, Key Support Under Test ⚠️
Momentum Analysis
LINK is trading under short-term pressure after a sharp pullback of -5.80%, indicating profit-taking and weak intraday momentum. Price is hovering near a critical demand zone, where buyers may attempt a defense. Volumes remain healthy, suggesting active participation despite the drop.
Long Setup (Speculative Rebound Play)
Entry Zone: 12.40 – 12.60
Targets:
T1: 13.20
T2: 13.62
T3: 14.03
Stop Loss: 12.10
Breakout Confirmation Level
A strong close above 13.20 with volume expansion would confirm bullish recovery momentum.
Key Support Zone
Primary Support: 12.40 – 12.47
Major Support: 12.00 – 12.10 (loss of this level may open deeper downside)
Market Snapshot
Current Price: 12.84
24H High / Low: 13.74 / 12.47
24H Volume: 3.66M LINK | 47.63M USDT
Trend: Short-term bearish, mid-term range-bound
Category: Infrastructure | Altcoin Festival
Pro Tip for Traders 💡
Do not chase longs inside red candles. Wait for structure confirmation on 15m–1h timeframe or a clear reclaim of 13.20 before increasing exposure.
