$LINK : Bearish Continuation Pattern Confirmed on $LINK Chart Structure
SHORT SETUP LINK
Entry: $12.0250 - $12.0730
Stop Loss: $12.5310
Take Profit: $11.0851 (2R)
Key Levels: Support $11.9400 | Resistance $12.0730
Technical Analysis for $LINK : However, the Stochastic K at 71 % is overbought and price sits below the EMA21/50, indicating downside bias. Resistance clusters at 12.073 on the 1hour chart, support near 11.94. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure. The nearby resistance and support levels frame the current market structure.
Market Context: BTC is marginally bullish (+0.67 %) while the broader market shows 87.5 % red and a broadly negative breadth, indicating overall riskoff
SHORT $LINK
SHORT SETUP LINK
Entry: $12.0250 - $12.0730
Stop Loss: $12.5310
Take Profit: $11.0851 (2R)
Key Levels: Support $11.9400 | Resistance $12.0730
Technical Analysis for $LINK : However, the Stochastic K at 71 % is overbought and price sits below the EMA21/50, indicating downside bias. Resistance clusters at 12.073 on the 1hour chart, support near 11.94. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure. The nearby resistance and support levels frame the current market structure.
Market Context: BTC is marginally bullish (+0.67 %) while the broader market shows 87.5 % red and a broadly negative breadth, indicating overall riskoff
SHORT $LINK