Stay with me on this one, because the chart is telling a clear short-term story.

$LINK has been bleeding lower after failing to hold the previous high, and the structure now shows lower highs with weak recovery attempts. Price tried to bounce but sellers stepped in again, keeping it below the key intraday resistance. Volume spikes on red candles confirm that selling pressure is still active, and buyers haven’t shown strong control yet.

Right now this looks more like a pullback continuation to the downside unless LINK reclaims the broken zone with strength. Until then, shorts remain the safer side on intraday moves.

Trade Setup

Short Entry Zone:

12.30 – 12.45

Targets:

12.05

11.85

Stop Loss:

12.65

Bias:

Bearish while below 12.45, trend flips only on strong reclaim above resistance.

LINKUSDT

Prep

12.35

-0.77%