$LINK /USDT Bearish Setup💥🔥
Entry Range: 8.35 – 8.45
Stop Loss: 8.66
Targets:
* TP1: 8.20
* TP2: 8.05
* TP3: 7.85
$LINK faced a strong rejection after failing to hold above the 8.80 resistance zone and has since formed lower highs on the 4H chart. The recent bounce into 8.35–8.45 looks like a potential retest of broken support, making this area attractive for a bearish continuation if sellers step back in.
Invalidation: A strong 4H candle closing above 8.66 would invalidate the bearish setup and increase the probability of a recovery toward 8.80–8.90.
Entry Range: 8.35 – 8.45
Stop Loss: 8.66
Targets:
* TP1: 8.20
* TP2: 8.05
* TP3: 7.85
$LINK faced a strong rejection after failing to hold above the 8.80 resistance zone and has since formed lower highs on the 4H chart. The recent bounce into 8.35–8.45 looks like a potential retest of broken support, making this area attractive for a bearish continuation if sellers step back in.
Invalidation: A strong 4H candle closing above 8.66 would invalidate the bearish setup and increase the probability of a recovery toward 8.80–8.90.