$LINK Rejection at Resistance - Watching the Breakdown
If $LINK closes below 8.5, it could signal a strong bearish reversal and a potential drop to 7.87 support.
Rejecting at 8.92 resistance with heavy selling pressure
Closing above SMA7 and SMA25 but 10-bar trend is bearish
Volume is rising but still below average
A daily close above 8.92 invalidates this short setup and $LINK could see a leg up.
Are you shorting the rejection on $LINK ?
If $LINK closes below 8.5, it could signal a strong bearish reversal and a potential drop to 7.87 support.
Rejecting at 8.92 resistance with heavy selling pressure
Closing above SMA7 and SMA25 but 10-bar trend is bearish
Volume is rising but still below average
A daily close above 8.92 invalidates this short setup and $LINK could see a leg up.
Are you shorting the rejection on $LINK ?