$LINK is trading around 12.164, down 5.76% on the displayed session. I’m watching the current area for another rejection because the downside move is already significant. If price fails to regain the entry zone, continuation toward the lower targets becomes the focus.
Trade Setup — Short
Entry Zone: 12.103–12.225
Stop Loss: 12.529
Target 1: 11.799
Target 2: 11.434
Target 3: 11.069
This setup relies on sellers maintaining control. A sustained move above the stop level would invalidate the bearish plan.
Trade Setup — Short
Entry Zone: 12.103–12.225
Stop Loss: 12.529
Target 1: 11.799
Target 2: 11.434
Target 3: 11.069
This setup relies on sellers maintaining control. A sustained move above the stop level would invalidate the bearish plan.