LINKUSDT.P has been trapped inside a descending channel and is now sitting on a key support zone around $12.60 - $12.75. The market is at a critical decision point—will we see a reversal or a deeper breakdown? 🔍 Key Technical Insights:
📉 Descending Channel: LINK has been in a bearish trend, making lower highs.
💧 Liquidity Hunt: Price may sweep below support to trigger stop losses before reversing. It has already been attempted once and again rebounded.
🏦 Order Block Zone: The previous accumulation area (Sept-Nov) could act as strong support.
⚠️ Breakdown Risk: A clean close below $12.60 could open doors to $10 or lower.
📌 What to Watch?
🚀 Bullish Scenario: If the price wicks below support but reclaims it, expect a rally toward $15+. If the price breaks above 15$ hopefully it'll continue further the bullish movement
⚠️ Bearish Scenario: A confirmed breakdown of $12.60 could signal further downside.
🔥 Will LINK bounce from this high-liquidity zone, or are we heading for lower lows? Drop your thoughts below!👇
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.