$LINK is testing a key supply zone as the recent recovery starts to lose strength. Sellers are showing signs of returning around this resistance area, creating a potential short opportunity.
Trading Plan: Short $LINK
Entry: 9.50–9.80
SL: 10.40
TP1: 9.30
TP2: 9.05
TP3: 8.85
The latest bounce has carried price into resistance, but buyers are struggling to build enough momentum for a clean breakout. If this supply zone continues to reject price, downside liquidity below the recent lows could become the next target.
Watch the reaction around the entry zone and manage risk carefully. DYOR.
Trading Plan: Short $LINK
Entry: 9.50–9.80
SL: 10.40
TP1: 9.30
TP2: 9.05
TP3: 8.85
The latest bounce has carried price into resistance, but buyers are struggling to build enough momentum for a clean breakout. If this supply zone continues to reject price, downside liquidity below the recent lows could become the next target.
Watch the reaction around the entry zone and manage risk carefully. DYOR.