๐ด $LINK BREAKS STRUCTURE โ SELLERS NOW IN CONTROL ๐
Entry: $8.38 - $8.48 โก
Target 1: $7.87 ๐
Target 2: $7.67 ๐
Target 3: $7.40 ๐
Stop Loss: $8.58 โ ๏ธ
๐ The $8.38 support that anchored weeks of consolidation has been lost, and the accompanying volume spike confirms this isn't a spoof. Price now sits below both the 50 and 200-day moving averages, a structural alignment that usually invites sustained selling pressure. RSI at 44 still has room to drop, and MACD is printing mild bearish divergence beneath the surface.
๐ก The Fibonacci retracement at $7.67 coincides with Crypto Patel's second target, reinforcing that level as a high-probability liquidity grab zone. This breakdown carries institutional footprint โ heavy volume, failed retests, and a clean trendline violation. ๐ฌ Are you eyeing shorts on a retest of $8.38 or waiting for deeper liquidity below $7.87? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #LINK #ShortSetup #Bearish #Chainlink #Crypto
๐ด ๐ป
Entry: $8.38 - $8.48 โก
Target 1: $7.87 ๐
Target 2: $7.67 ๐
Target 3: $7.40 ๐
Stop Loss: $8.58 โ ๏ธ
๐ The $8.38 support that anchored weeks of consolidation has been lost, and the accompanying volume spike confirms this isn't a spoof. Price now sits below both the 50 and 200-day moving averages, a structural alignment that usually invites sustained selling pressure. RSI at 44 still has room to drop, and MACD is printing mild bearish divergence beneath the surface.
๐ก The Fibonacci retracement at $7.67 coincides with Crypto Patel's second target, reinforcing that level as a high-probability liquidity grab zone. This breakdown carries institutional footprint โ heavy volume, failed retests, and a clean trendline violation. ๐ฌ Are you eyeing shorts on a retest of $8.38 or waiting for deeper liquidity below $7.87? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #LINK #ShortSetup #Bearish #Chainlink #Crypto
๐ด ๐ป