🚨 $LINK /USDT — Compression Before Expansion?
LINK is trading around 8.39
24H High: 8.60
24H Low: 8.17
Price is holding near the MA60 and forming a tight intraday range. A breakout or breakdown could be near.
$LINK — SHORT / LONG READY
🔴 Short Scenario
Entry Zone: 8.38 – 8.42
Stop Loss: 8.55
Targets:
TP1: 8.30
TP2: 8.22
TP3: 8.10
Why this setup?
• Clear rejection from 8.60 high
• Price struggling below resistance
• Tight range → breakdown can move fast
• Clean break below 8.35 may accelerate downside
🟢 Long Scenario (Invalidation Flip)
Entry Zone: Break & hold above 8.50
Stop Loss: 8.35
Targets:
TP1: 8.60
TP2: 8.75
TP3: 9.00
Why this setup?
• Breakout above range resistance
• Momentum continuation potential
• 8.60 = previous liquidity high
📌 Key Levels
Support: 8.35
Resistance: 8.50 – 8.60
Is this consolidation before the next pump…
or slow distribution before a drop?
Comment below — Long or Short? 👇
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