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$LINK /USDT
Price Action: LINK dropped sharply from $9.00 to $8.05 and is now consolidating near the bottom, indicating potential exhaustion of selling pressure.
Structure: Price remains below key dynamic resistance levels, confirming the broader bearish bias.
• Support: $8.05 (recent wick low)
• Resistance: $8.25–$8.30 (immediate), followed by $8.45 and $9.05
• Candles: Smaller-bodied candles with wicks on both sides suggest a developing buyer–seller equilibrium and possible reversal attempt.
🎯 Bullish Reversal Setup (Counter-Trend Play)
Entry Zone: $8.20 – $8.25
Wait for a strong 4H close above immediate resistance to confirm short-term momentum shift.
Stop Loss: $7.98
A break below $8.00 invalidates the bounce thesis.
Take Profit 1: $8.45
Take Profit 2: $8.80
Risk-to-Reward: Approx. 1:2.5
$LINK #GateSquare$50KRedPacketGiveaway