LINK/USDT Short-Term Analysis
LINK/USDT is currently exhibiting a potential short-term bearish setup, with a focus on the above trendline liquidity zone between 16.182 and 16.090. If the price successfully retests this zone and fails to break above the trendline, there is a significant possibility of a strong bearish move.
Traders should closely observe the price action around the mentioned zone for confirmation of the bearish bias. If the retest is followed by a rejection and a clear bearish signal, it could indicate a potential downward trend.
As always, exercise caution and implement effective risk management strategies, given the inherent volatility in cryptocurrency markets. This idea is not financial advice; conduct thorough research, assess your risk tolerance, and consider seeking guidance from a professional financial advisor if necessary.
