$LINK /USDT Short Trade Setup!š„šÆ
Analysis: LINK/USDT is trading at $22.20, forming lower highs within a descending channel. Price is respecting the downtrend resistance with weak bullish momentum.
Trade Setup:
ā¢ Entry: $22.00 (after confirmation below support)
ā¢ Take Profit (TP):
ā¢ TP1: $21.50
ā¢ TP2: $21.00
ā¢ Stop Loss (SL): $22.60 (above channel resistance)
Risk/Reward: Favorable R:R, considering the prevailing bearish trend.
Advice: Monitor price action at $21.50 for a reaction. Adjust SL to breakeven once TP1 is hit. Protect profits!