$LINK rejected outright from the supply zone 12.40–12.45 and a sharp drop has been recorded, indicating strong distribution at higher levels. Since this rejection, the price has been forming lower highs with weak attempts at recovery, signaling that sellers still control the momentum.

The bounce from support at 12.10 is corrective rather than impulsive. There is no strong continuation from buyers, and the price is currently consolidating below resistance — a classic bearish continuation structure. As long as $LINK does not reclaim key resistance with strength, short trades offer a better probability than chasing longs.

📌 When will the trend change?

Only if $LINK reclaims and holds above 12.35 – 12.45 with strong volume. Below this zone, short trades remain a priority.

🔽 Signal for a short trade

Entry zone: 12.20 – 12.35

TP1: 12.05

TP2: 11.80

Stop-loss: 12.55

Leverage: 20x – 50x

Margin: 2% – 5%

Risk management: Move the stop-loss to entry once TP1 is reached.

Short #LINK Here 👇👇

LINKUSDT

Perp

12.08

-0.46%