$LINK /USDT - BEARS BACK IN CONTROL? 🔻
After a temporary pullback, $LINK has resumed its downward momentum, currently trading at $22.75 (-3.89%). The price faced strong rejection from the resistance zone around $23.38 - $23.93, indicating seller dominance.
Key Levels:
🔹 Resistance: $23.38 - $23.93
🔹 Support: $22.46, $22.00
Market Outlook:
Despite an attempt to recover, $LINK faced strong selling pressure near $23.38 - $23.93, leading to another downward push. If the price breaks below $22.46, a further drop towards $22.00 could be expected. Bulls must reclaim $23.50+ to shift momentum.
Risk Management:
📌 Use a tight SL to protect against sudden reversals.
📌 Risk-to-reward ratio should be considered before entering.
📌 Avoid overleveraging in a volatile market.
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