Short $LINK as Chainlink Reserve Adds 94,500 LINK, Bringing Holdings to 6.57 Million.
Watching 10.80–10.84 on the 4H. Sellers need to step in here to keep the trend down.
What I've got:
• Price at 10.8 sits below the 4H EMA50 at 11.3, sellers still have the trend.
• Risk 2.7% to SL vs 4.3% to TP3, good risk/reward for shorts.
• BTC is bearish short-term, adding pressure on LINK.
SHORT zone 10.80–10.84 | targets 10.65, 10.53, 10.36 | stop 11.11
Will sellers defend this level?
Plan, not advice.
Watching 10.80–10.84 on the 4H. Sellers need to step in here to keep the trend down.
What I've got:
• Price at 10.8 sits below the 4H EMA50 at 11.3, sellers still have the trend.
• Risk 2.7% to SL vs 4.3% to TP3, good risk/reward for shorts.
• BTC is bearish short-term, adding pressure on LINK.
SHORT zone 10.80–10.84 | targets 10.65, 10.53, 10.36 | stop 11.11
Will sellers defend this level?
Plan, not advice.
