$LINK Short-Term Rebound Zone – Support, Resistance and Trading Strategy
$LINK is trading around 12.17 after a sharp pullback from the 13.18 area, showing selling pressure but also signs of a bounce from demand.
The key support zone is clearly visible at 12.00 – 12.05, where price reacted strongly and buyers stepped in.
As long as this support holds, LINK can continue a short-term recovery move.
If 12.00 fails to hold, the next downside support sits near 11.60 – 11.70.
On the upside, immediate resistance is located at 12.30 – 12.40, where price previously stalled.
A stronger major resistance lies around 12.80 – 13.20, which is the recent rejection and supply zone.
Short-term long entry can be considered near 12.05 – 12.15 with a stop-loss below 11.90.
Mid-term long entry is safer on deeper pullbacks toward 11.70 – 11.80, keeping a stop-loss below 11.40.
For short trades, rejection near 12.40 – 12.60 can be used with a stop-loss above 12.90.
Overall structure improves if LINK reclaims and holds above the 12.40 resistance level.
