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$LINK Relief Bounce Faces Strong Downtrend Resistance
Trade Setup: Short
Entry Zone: 7.50 – 7.65
TP1: 7.20
TP2: 6.90
TP3: 6.50
SL: 7.90
Price remains below the 200 EMA (8.53) and continues to print lower highs and lower lows. The recent bounce from 7.12 appears to be a temporary relief rally following aggressive selling pressure rather than a confirmed trend reversal. Unless LINK reclaims key resistance levels and the EMA zone, sellers remain in control and further downside remains the higher-probability scenario
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