$LINK is showing signs of weakness near the $8.53–$8.56 resistance zone. Sellers are stepping in, and a move lower could be imminent.
The Plan:
· Entry Zone: $8.53 – $8.56 (short entry)
· Targets: $8.48 / $8.42 / $8.35
· Stop Loss: $8.70 (tight invalidation)
Confirmation: Look for bearish rejection candles or a 15m close below $8.50 to confirm downside momentum. A break above $8.70 invalidates the setup.
Scale out at targets and move stop to breakeven after TP1.
The Plan:
· Entry Zone: $8.53 – $8.56 (short entry)
· Targets: $8.48 / $8.42 / $8.35
· Stop Loss: $8.70 (tight invalidation)
Confirmation: Look for bearish rejection candles or a 15m close below $8.50 to confirm downside momentum. A break above $8.70 invalidates the setup.
Scale out at targets and move stop to breakeven after TP1.