📉 MARKET ALERT: PULLBACK IN LINK/USDT PAR
After registering a strong recent acceleration and testing the local resistance range near $13.77, Chainlink (LINK) started a corrective move alongside the exhaustion of short-term buyer volume.
TECHNICAL METRICS OF THE ASSET:
• Current Price: Stabilizing in the $12.60 range.
• Recent Pattern: Technical correction after a strong overbought signal (high RSI and profit-taking).
• Main Support: The $10.00 to $11.00 region acts as the main structural floor and the line of defense for buyers.
TRACKING SCENARIOS:
1. Defense Scenario: Staying above the $11.00 support consolidates the price base to attempt new retests of the $13.00 resistance.
2. Drop Scenario: If selling pressure forces a loss of the $11.00 level, technical room opens up to seek liquidity in the psychological $10.00 region.
Avoid emotional entries in the middle of the corrective flow. Manage your Stop and monitor the close of the 4H/Daily candles.
After registering a strong recent acceleration and testing the local resistance range near $13.77, Chainlink (LINK) started a corrective move alongside the exhaustion of short-term buyer volume.
TECHNICAL METRICS OF THE ASSET:
• Current Price: Stabilizing in the $12.60 range.
• Recent Pattern: Technical correction after a strong overbought signal (high RSI and profit-taking).
• Main Support: The $10.00 to $11.00 region acts as the main structural floor and the line of defense for buyers.
TRACKING SCENARIOS:
1. Defense Scenario: Staying above the $11.00 support consolidates the price base to attempt new retests of the $13.00 resistance.
2. Drop Scenario: If selling pressure forces a loss of the $11.00 level, technical room opens up to seek liquidity in the psychological $10.00 region.
Avoid emotional entries in the middle of the corrective flow. Manage your Stop and monitor the close of the 4H/Daily candles.
