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$LINK : Not even the LG partnership can stop the decline — selling the bounce
Chainlink sealed its partnership with LG CNS yesterday for South Korea’s digital asset market ($68B)… and the price fell 4% that same day.
When the best news of the month doesn’t move the price, the path of least resistance is still down.
→ 73.1% of top futures traders are still long, with the price 3.4% below its 4h EMA50 ($12.22): if $11.585 support gives way, those longs will pay to exit.
→ Today’s volume is 7.9% below average and Open Interest is down 1.83% ($94M): positions are closing, not opening.
→ The BTC network’s mempool is light (48.5K txs, 1 sat/vB fee).
📊 LINK SIGNAL — SHORT
📍 Current price: $11.805
🎯 Zone: $11.805–$11.8965 (dist. 0.0%)
| Entry | 50% limit order now + 50% at $11.8965 |
| 🛑 Stop | $11.9514 (-0.85%), confirmed BEFORE entry |
| Risk | 2% of capital per trade |
✅ TP1: $11.585 (24h low) — take profit on 50% and move the stop to break-even
🏁 TP2: $11.2998 (1.414 extension) — the leg that completes the bearish range
R/R: 1:2.64 · 1:5.47
⏳ Valid: next 6h / while $11.9514 holds
Save this: the ceiling is marked, and this setup is valid when the price reaches the zone.
Will LINK lose $11.585, or will the LG news finally wake it up?
Live price here 👇 LINK
LINK
#Chainlink #Institucionales #Trading
This is a plan, not financial advice.