LINKUSDT price action shows continued rejection from the descending trendline inside a well-defined downward channel. The structure remains bearish, with lower highs forming under resistance near $18.00. As long as this rejection holds, price could revisit the support area toward $15.00 before potential stabilization. Overall momentum aligns with a continuation of the broader downtrend.⚠️ Risks:
- Unexpected dovish shift in Fed tone boosting overall crypto sentiment
- Strong BTC recovery above $120K improving altcoin structure
- Short-term liquidity spikes causing false breakouts above $18.00
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.