$LINK : Loses Key Demand Zone: Next Support Level Unprotected
SHORT SETUP LINK
Entry: $12.6000 - $12.6500
Stop Loss: $13.1000
Take Profit: $11.6750 (2R)
Key Levels: Support $12.3130 | Resistance $13.0390
Technical Analysis for $LINK : Price sits below EMA9, EMA21 and EMA50, confirming a strong downtrend. RSI at 15.7 and Stochastic K under 5 show extreme oversold conditions, while MACD remains negative and ADX 48 signals a firm trend. A short entry around 12.6012.65, stop at 13.10, targets 11.68 (2R). Watch EMA9 (12.90) as a potential invalidation level.
Market Context: BTC is in a bearish 4hour trend, down 2.8% on the day, and the overall market breadth is broadly negative (86% red).
SHORT $LINK
SHORT SETUP LINK
Entry: $12.6000 - $12.6500
Stop Loss: $13.1000
Take Profit: $11.6750 (2R)
Key Levels: Support $12.3130 | Resistance $13.0390
Technical Analysis for $LINK : Price sits below EMA9, EMA21 and EMA50, confirming a strong downtrend. RSI at 15.7 and Stochastic K under 5 show extreme oversold conditions, while MACD remains negative and ADX 48 signals a firm trend. A short entry around 12.6012.65, stop at 13.10, targets 11.68 (2R). Watch EMA9 (12.90) as a potential invalidation level.
Market Context: BTC is in a bearish 4hour trend, down 2.8% on the day, and the overall market breadth is broadly negative (86% red).
SHORT $LINK