$LINK : Bearish Continuation Pattern Confirmed on $LINK Chart Structure
SHORT SETUP LINK
Entry: $11.3950 - $11.4150
Stop Loss: $11.8612
Take Profit: $10.4926 (2R)
Key Levels: Support $11.2740 | Resistance $11.4230
Technical Analysis for $LINK : Price sits below EMA9, EMA21, EMA50 and EMA200, indicating a downtrend. ADX at 39.8 confirms a strong trend, while RSI at 46.5 and stochastic around 56 suggest neutraltoslightly bearish momentum. Key resistance is 11.423, support 11.274. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure.
Market Context: BTC is in a bearish 4hour trend and the broader market shows a largely negative breadth, reinforcing the short bias for LINK.
SHORT $LINK
SHORT SETUP LINK
Entry: $11.3950 - $11.4150
Stop Loss: $11.8612
Take Profit: $10.4926 (2R)
Key Levels: Support $11.2740 | Resistance $11.4230
Technical Analysis for $LINK : Price sits below EMA9, EMA21, EMA50 and EMA200, indicating a downtrend. ADX at 39.8 confirms a strong trend, while RSI at 46.5 and stochastic around 56 suggest neutraltoslightly bearish momentum. Key resistance is 11.423, support 11.274. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure.
Market Context: BTC is in a bearish 4hour trend and the broader market shows a largely negative breadth, reinforcing the short bias for LINK.
SHORT $LINK
