$LINK #LINK 📉
Direction: SHORT
Entry zone: 10.25 to 10.40
Stop loss: 10.60
Target 1: 10.10
Target 2: 9.90
Chainlink is trading near 10.33 dollars, down 1.30 percent in 24 hours and down 6.48 percent in 7 days, inside a range of 10.13 to 10.57 dollars, with 216.7 million dollars of 24 hour volume, and the recent closes show sellers keeping price pinned low, 10.34, then 10.32, then 10.36, then 10.37, then 10.30. 🔴 My reading is that LINK is in a steady down move, because a 6.5 percent weekly drop with closes drifting lower on a red evening is momentum, not a shakeout, and the last close at 10.30 after a push to 10.37 tells me sellers are defending the top of the range. A short from the current zone, with a stop above 10.60, targets 10.10 first and then 9.90 if sellers break toward the range low. A push above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Chainlink break 10.10 first, or bounce back above 10.60? 🤔
Follow for more trades.
#Chainlink #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 10.25 to 10.40
Stop loss: 10.60
Target 1: 10.10
Target 2: 9.90
Chainlink is trading near 10.33 dollars, down 1.30 percent in 24 hours and down 6.48 percent in 7 days, inside a range of 10.13 to 10.57 dollars, with 216.7 million dollars of 24 hour volume, and the recent closes show sellers keeping price pinned low, 10.34, then 10.32, then 10.36, then 10.37, then 10.30. 🔴 My reading is that LINK is in a steady down move, because a 6.5 percent weekly drop with closes drifting lower on a red evening is momentum, not a shakeout, and the last close at 10.30 after a push to 10.37 tells me sellers are defending the top of the range. A short from the current zone, with a stop above 10.60, targets 10.10 first and then 9.90 if sellers break toward the range low. A push above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Chainlink break 10.10 first, or bounce back above 10.60? 🤔
Follow for more trades.
#Chainlink #Crypto #FuturesTrading #TradingSignals
