š $LINK
SHORT SETUP š
LINK bounced off the sharp drop to $12.079 and has now run straight into its 99 MA, where the last push was rejected with a long upper wick. Iām watching for a short on a rejection at resistance, not chasing the current candle. š
Entry: $13.150 ā $13.230
TP1: $13.020
TP2: $12.900
TP3: $12.700
SL: $13.320
š» Why LINK is on watch:
Price ($13.109) is stalling right at the 99 MA ($13.117), which is sloping down and has capped every bounce since the drop from $14.645 The structure shows lower highs on the bigger picture since $14.645, so the recovery looks corrective inside a downtrend The push into the 99 MA made a long upper wick and the last candles are small and red, a sign buyers are running out of steam The 7 MA ($13.091) is the first support, with the 25 MA ($12.919) below it. A 1H close under $13.050 would confirm sellers are taking over.
Not financial advice. DYOR.
š Follow CoinDispatch for more daily trade setups and market updates!
#LINK #Chainlink #cryptotrading
SHORT SETUP š
LINK bounced off the sharp drop to $12.079 and has now run straight into its 99 MA, where the last push was rejected with a long upper wick. Iām watching for a short on a rejection at resistance, not chasing the current candle. š
Entry: $13.150 ā $13.230
TP1: $13.020
TP2: $12.900
TP3: $12.700
SL: $13.320
š» Why LINK is on watch:
Price ($13.109) is stalling right at the 99 MA ($13.117), which is sloping down and has capped every bounce since the drop from $14.645 The structure shows lower highs on the bigger picture since $14.645, so the recovery looks corrective inside a downtrend The push into the 99 MA made a long upper wick and the last candles are small and red, a sign buyers are running out of steam The 7 MA ($13.091) is the first support, with the 25 MA ($12.919) below it. A 1H close under $13.050 would confirm sellers are taking over.
Not financial advice. DYOR.
š Follow CoinDispatch for more daily trade setups and market updates!
#LINK #Chainlink #cryptotrading