$LINK /USDT (Perp)

🔎 Market Structure

Strong downtrend from 15.00 → 7.11

Currently consolidating near 8.83

Supertrend still bearish (around 9.99 zone)

Structure: Lower highs & lower lows → Trend still bearish.

📊 #Volume Analysis

Heavy sell volume during breakdown

Recent candles show declining volume → selling pressure slowing

No strong bullish accumulation yet

📈 #RSI (6): ~49

Neutral zone

No strong momentum edge

Market in consolidation phase

🎯 Trade Plan

Bearish Setup (Trend Continuation)

Entry: 9.20–9.80 (rejection zone)

SL: 10.20

TP1: 8.00

TP2: 7.20

Bullish Reversal

Only valid above daily close 10.20

TP: 11.50–12.00

Bias: Bearish below 10.20

LINK

8.84

-0.89%