$LINK : Bearish Continuation Pattern Confirmed on $LINK Chart Structure
SHORT SETUP LINK
Entry: $12.9400 - $12.9560
Stop Loss: $13.4100
Take Profit: $12.0240 (2R)
Key Levels: Support $12.7460 | Resistance $12.9560
Technical Analysis for $LINK : Short bias: price sits just below the 1hour resistance 12.956 while under EMA50/200, signaling a highertime downtrend. A break below 12.95 targets 12.74 support; a move above 13.41 invalidates the setup. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is up 2.2% in 24 h, driving a broadly positive market (89% green). The overall sentiment supports riskoff moves on altcoins
SHORT $LINK
SHORT SETUP LINK
Entry: $12.9400 - $12.9560
Stop Loss: $13.4100
Take Profit: $12.0240 (2R)
Key Levels: Support $12.7460 | Resistance $12.9560
Technical Analysis for $LINK : Short bias: price sits just below the 1hour resistance 12.956 while under EMA50/200, signaling a highertime downtrend. A break below 12.95 targets 12.74 support; a move above 13.41 invalidates the setup. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is up 2.2% in 24 h, driving a broadly positive market (89% green). The overall sentiment supports riskoff moves on altcoins
SHORT $LINK