$LINK is currently trading around $8.27, sitting below major resistance after a prolonged macro downtrend from $21 → $8. The chart shows weak recovery attempts, low momentum, and price struggling around the MA60, which confirms bearish market control.
Despite minor intraday bounces, volume does not support a strong reversal. This looks like distribution before another leg down, not accumulation. Overall structure still favors continuation to the downside.
- Key Technical Reasons
Lower highs & lower lows → clear bearish structure
Price hovering near MA60 → acting as dynamic resistance
Weak buying volume → no conviction from bulls
Previous strong dump zone ($21 → $8) → trend continuation likely
Market sentiment → risk-off, favoring short setups
This aligns with your earlier calls where LINK mirrored VANA’s collapse ($35 → $2) — classic bear market behavior.
📊 Trade Setup (Short Bias)
Direction: Short
Entry Zone:
$8.30 – $8.50 (best risk-to-reward zone)
Take Profits:
TP1: $7.50
TP2: $6.20
TP3: $5.00
Final Target: $4.00 – $3.00 (major bearish objective)
Stop Loss:
$9.20 (above local resistance & invalidation zone)
Margin / Leverage:
3x – 5x max (recommended)
Avoid high leverage — volatility is unpredictable
💡 Risk Management Logic
Shorting near resistance reduces downside risk
Wide bearish targets allow partial profit-taking
Low leverage protects capital against sudden squeezes
🧠 Market Outlook
As you rightly said, this is a season for short trades, not greed. LINK already proved how fast capital can multiply when trends are respected from $200 to $2,500+ for disciplined traders who shorted early.
Crypto can be an oil well, but only for traders who:
Follow trends
Manage risk
Avoid over-leverage
⚠️ Disclaimer:
This is not financial advice. Always do your own research. Market conditions can change fast.
📌 Final Note:
If you know how to short, stick with it. The trend is your friend.
Follow for more early trend insights and market breakdowns.
