Sunday night looked ugly for Chainlink. One 4H candle dropped from 10.68 to 10.13, and the week opened near 10.41.
Monday took the whole move back. A morning dip to 10.22 was bought, and the afternoon candle ran from 10.52 to 10.83 and closed at 10.79, just above the Pivot at 10.78. From Sunday's low to Monday's high that is about 7% in less than a day. The evening candle pulled back to 10.58, stayed well above 10.47, and price now sits near 10.72, a few cents under the Pivot.
So LINK is back in neutral territory, between 10.47 and 11.09. In here price moves slow and choppy, back and forth, with pushes that stall and dips that get bought.
The bullish case: once the 4H candles close back above 10.78 and stay there, the next stop is 11.09, the top of the range. A first touch of 11.09 usually stalls and dips back toward 10.78 before anything bigger. The bigger picture this month still leans lower, so I treat this as a move inside the range, not a new trend.
Invalidation: a 4H close under 10.47, which would put Sunday's low at 10.13 back in play.
Tuesday is US CPI at 14:30 CET, and that kind of day can stretch LINK from about 9.60 up to 11.40. Stocks still lean up, which helps.
Two 4H updates a day follow in the comments through Friday. Does 10.78 turn into a floor this time, or was one close above it all buyers had?
