$LINK Showing Bearish Signs After an Explosive Rally – Short Trade Opportunity! 🚨

$LINK has been on a remarkable upward run, surging 13.66% in the last 24 hours and reaching a peak of $18.39. However, it’s now showing early signs of a bearish pullback, as the price retraces to $17.47, with momentum slowing down.

💡 Key Levels for Short Trade Setup

• Short Entry: Around $17.50

• Targets:

• Target 1: $16.80

• Target 2: $16.40

• Target 3: $16.00

• Stop Loss: $18.10 (above recent highs)

⚠️ Analysis:

The recent rejection near the $18.39 resistance indicates exhaustion in buying pressure. Coupled with a strong rally over the past week, LINK may now be entering a short-term correction phase. A break below the $17.20 support level could trigger further downside movement, making this a compelling opportunity for short sellers.

💡 Caution:

• Monitor the overall market sentiment for further validation.

• Manage risk carefully, as LINK remains in a long-term bullish trend.

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