$LINK /USDT Counter-Rally Pullback Short Opportunity
$LINK still looks heavy here. After the sharp dump from supply, price tried to bounce, but this move feels more like a relief bounce than anything else. It’s already stalling around the 12.50 area, which isn’t surprising — that’s where sellers showed up aggressively before.
Structure hasn’t improved either. Lower highs are still intact, and as long as $LINK can’t reclaim the descending trendline, sellers remain in control.
If this bounce starts losing steam again, the path of least resistance is lower. A rejection around this zone could easily send price back toward the 11.2 area, where demand and the lower channel support line up.
Main idea: stall and rejection near 12.5 → continuation down toward 11.2.
What would change the view: a strong break and hold above 12.8. Until that happens, this still looks like a sell-the-rally market.
For now, the bounce doesn’t convince — sellers are still dictating the pace.
