LINK facing resistance with weakening momentum — short bias?
🔴 $LINK - SHORT
Trade Plan:
Current Price: ~7.927
Entry Zone: 8.15 – 8.45
SL: 9.15
TP1: 7.25
TP2: 6.65
TP3: 5.95
LINK has been struggling to break above the 8.40–8.60 resistance zone while forming lower highs on the 4H. Volume has been declining during upward attempts, and a bearish divergence is visible on the RSI. The Entry Zone captures the retest of broken minor support.
How far can LINK correct if momentum continues weakening?
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LINKUSDT
Trvl
7.811
-2.43%