Your setup is highly logical. Chainlink (LINK) is facing visible short-term bearish pressure, trading around $13.66. Waiting for a failed reclaim between $13.85–$14.05 is a smart, high-R/R strategy to avoid chasing the breakdown. [1]
Trend: Weak. Trading below the 4H EMAs confirms a clear downside bias.
Execution: Selling the retest of resistance prevents getting trapped if a fakeout occurs.
Targets: Targets down to $12.83 align perfectly with key support zones.
Would you like a quick calculation of your Risk-to-Reward ratio or a look at the Bitcoin market trend for overall direction?

Binance
Chainlink Price (LINK/USD) Today | Live Price, Market Cap & Chart
7 Oct 2026 — The live Chainlink price today is $13.66 USD. Chainlink price has changed by -2.4% over the past 24 hours, with a circulating supply of 748.1M.


FXStreet
Chainlink Price Forecast: Short-term correction in LINK risks a bearish reversal to $10
7 Oct 2026 — Chainlink trades below $13.50 at press time on Wednesday, extending a pullback from an overhead trendline near $14.00.

Trend: Weak. Trading below the 4H EMAs confirms a clear downside bias.
Execution: Selling the retest of resistance prevents getting trapped if a fakeout occurs.
Targets: Targets down to $12.83 align perfectly with key support zones.
Would you like a quick calculation of your Risk-to-Reward ratio or a look at the Bitcoin market trend for overall direction?

Binance
Chainlink Price (LINK/USD) Today | Live Price, Market Cap & Chart
7 Oct 2026 — The live Chainlink price today is $13.66 USD. Chainlink price has changed by -2.4% over the past 24 hours, with a circulating supply of 748.1M.


FXStreet
Chainlink Price Forecast: Short-term correction in LINK risks a bearish reversal to $10
7 Oct 2026 — Chainlink trades below $13.50 at press time on Wednesday, extending a pullback from an overhead trendline near $14.00.