Short sell $LINK : Price is at 12.4, a critical level for sellers. 👀
Rejection at 12.4 → 12.2, then 12.0.
Reclaiming 12.6 → the setup is invalidated.
I’m watching for sellers to step in and defend this level.
What I’m seeing:
- Price is at 12.4 on the 4-hour chart, below the EMA50 at 12.8; the trend favors sellers
- BTC’s short-term trend is bearish, adding pressure on LINK
- RSI on the 1-hour chart is at 45, indicating neutral momentum with room for further downside
🔴 Short sell · Entry 12.37–12.41 · Take profit 12.25 / 12.15 / 12.01 · Stop loss 12.63
Rejection at 12.4 → 12.2, then 12.0.
Reclaiming 12.6 → the setup is invalidated.
I’m watching for sellers to step in and defend this level.
What I’m seeing:
- Price is at 12.4 on the 4-hour chart, below the EMA50 at 12.8; the trend favors sellers
- BTC’s short-term trend is bearish, adding pressure on LINK
- RSI on the 1-hour chart is at 45, indicating neutral momentum with room for further downside
🔴 Short sell · Entry 12.37–12.41 · Take profit 12.25 / 12.15 / 12.01 · Stop loss 12.63