Chainlink (LINK/USDT) – 4H Technical Update
$LINK is trading near $8.41 after a strong downtrend from the $12.60 swing high, with a sharp liquidity sweep printed at $7.15. Price is now consolidating between $8.00 support and $8.90 resistance, signaling compression before a potential volatility expansion. The broader 4H structure remains bearish below $9.30, but the current range suggests accumulation or distribution ahead of a decisive move.
A confirmed breakout above $8.90 could push price toward $9.30, where a structure flip may open continuation toward $10.50. On the downside, losing $8.00 exposes the $7.15 liquidity zone again, and a breakdown below it may trigger acceleration toward $6.80–$7.00. Traders should wait for a clean break and retest for the best risk-to-reward setup.
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
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