$LINK — Breakdown Setup Looks Ready 📉
$LINK has rejected the $12.00 area and then dropped sharply with strong selling volume. Price is now consolidating around $11.70, but the short-term structure remains bearish with lower highs forming beneath the breakdown zone.
Short Entry: $11.70–$11.78
Stop Loss: $12.05
Target 1: $11.55
Target 2: $11.40
Target 3: $11.28
The key resistance is $11.78–$12.00. As long as price remains below this zone, another rejection could send $LINK toward the lower targets. A clean break below $11.60 would provide stronger downside confirmation.
If link reclaims $12.05, the short setup is invalidated. Keep the risk controlled, especially after the recent high-volume sell-off.
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$LINK has rejected the $12.00 area and then dropped sharply with strong selling volume. Price is now consolidating around $11.70, but the short-term structure remains bearish with lower highs forming beneath the breakdown zone.
Short Entry: $11.70–$11.78
Stop Loss: $12.05
Target 1: $11.55
Target 2: $11.40
Target 3: $11.28
The key resistance is $11.78–$12.00. As long as price remains below this zone, another rejection could send $LINK toward the lower targets. A clean break below $11.60 would provide stronger downside confirmation.
If link reclaims $12.05, the short setup is invalidated. Keep the risk controlled, especially after the recent high-volume sell-off.
#CentralBanksBuy289TonsGoldInQ2 #NvidiaRises8.74%AfterEarnings #SP500Rises0.7%TechSectorGains3.3% #OktaCrowdStrikeSurgeOnEarningsBeat
