Chainlink (LINKUSDT) | Falling Wedge at Critical Support

Chainlink is trading within a well-defined falling wedge pattern on the 4H chart, a typically bullish reversal setup. Price action indicates the coin is hovering just above key horizontal support around $12.35, making this a critical zone to watch.

Technical Breakdown:
Pattern: Falling Wedge (Bullish Bias)
Current Price: $12.98

Immediate Support: $12.35
Major Support: $10.71
Resistance 1: $13.80 (wedge upper trendline)

Breakout Targets:
$17.78 (major resistance)
$20.03 (macro level supply zone)

Indicators:
RSI (14) at ~42 → Weak but stabilizing, potential for reversal
Volume has been compressing — watch for a breakout with rising volume for confirmation

Strategy:
A 4H close above the wedge trendline with volume could trigger a breakout rally toward $17.78 or even $20.03.
Failure to hold $12.35 could send LINK back toward $10.71 support, caution below this level.

Setup Summary:
Long entry on breakout above $13.50 (trendline)
Stop-loss: Below $12.35
Target 1: $17.78
Target 2: $20.03
Risk: Reward Ratio: ~1:3+

Not financial advice. DYOR before entering trades.
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