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LINK/USDT is currently displaying a **bearish market structure** on the 4H timeframe, with price trading below the MA(7), MA(25), and MA(99) ribbons. After a sharp rejection from $9.60, LINK has entered a descending consolidation phase.
The immediate trend remains downward, but price is approaching a historical demand zone near $8.91. A **smart spot entry** lies at $9.00–$9.05, anticipating a local double bottom. Maintain a tight stop-loss at $8.85 to protect against a structural breakdown.
* **TP 1:** $9.30 (Resistance test)
* **TP 2:** $9.60 (Range high)
* **TP 3:** $10.00 (Psychological level)
Not Financial Advice, Do Your Own Research.
$LINK