🔴 $LINK USDT – Bearish Breakdown, Downtrend Continuation Likely

$LINK faced strong rejection near $10.80–$11.00 resistance and followed with a sharp -10% sell-off, breaking below key supports at $10.20 and $9.80. Price is now forming lower highs and lower lows, confirming a bearish market structure.

Failure to hold above $9.80 turned previous support into resistance, signaling sellers remain dominant. Volume shows distribution, favoring more downside.

📉 Trade Setup (Short)

Entry Range: $9.70 – $9.90 (pullback into resistance zone)

Targets:

🎯 Target 1: $9.40

🎯 Target 2: $9.10

🎯 Target 3: $8.80

🔑 Key Levels

Resistance: $9.80 / $10.20 / $10.60

Support: $9.40 / $9.10 / $8.80

Major supply: $10.80–$11.00

📊 Short Outlook

Trend remains bearish while price stays below $10.20.

Any bounce is likely a sell-the-rally opportunity. A clean break under $9.40 could accelerate selling toward $9.00–$8.80.

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