$LINK is trading around 8.62 after a sharp rejection from the 9.05 resistance.
Price saw strong selling pressure and is now stabilizing near the intraday demand,
suggesting a possible short-term base formation.
📌 Key Levels:
• Support: 8.55 – 8.60
• Resistance: 8.85 – 9.05
📊 Volume spiked during the sell-off and cooled down near support,
indicating panic selling followed by absorption.
Structure is neutral-to-bearish unless price reclaims 8.85.
🎯 Possible Trade Setup:
• Long (Aggressive): 8.55 – 8.62
TP1: 8.85
TP2: 9.00 – 9.05
SL: Below 8.50
• Short (If Rejected): 8.85 – 9.00
TP: 8.60
SL: Above 9.10
⚠️ If 8.55 breaks, downside toward 8.30 – 8.20 zone is likely.
💬 Dead-cat bounce or recovery continuation?
Share your view 👇$LINK
LINK
8.32
-0.59%