$LINK /USDT Trading Signal – Short Signal Amid Bearish Momentum 🔻
Current Price: $19.69 (-5.88%)
Signal: Short Position
Entry Range: $19.65 - $19.80
Take Profit Levels:
🎯 TP1: $19.40
🎯 TP2: $19.00
🎯 TP3: $18.50
Stop Loss: $20.20
Technical Observations:
Bearish Momentum: $LINK is in a consistent downtrend, breaking below major moving averages (MA7, MA25, and MA99).
Resistance Zone: Immediate resistance lies at $20.04 (MA25), confirming a short-entry opportunity.
Support Levels: The next key support levels are $19.40 and $19.00. A break below these levels could extend the downside move to $18.50.
Actionable Advice:
Enter a short position within the specified range if $LINK continues to show bearish momentum. Adjust the stop-loss to lock in profits as the price nears each take-profit level.