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$LINK wedge is testing support 📉 Price is sitting at 8.267 after sliding from the upper trendline. Bears are keeping the pressure on with the 15m structure looking fragile.
The large falling wedge that formed from 7.798 to 8.615 is now breaking down. Support from the lower trendline near 8.05 is being probed, and the pattern has already seen one break lower 🐻
Volume is picking up on the sell side and the pattern score sits at an elevated 18.5, suggesting this move has momentum. The wedge has been in play for over 160 bars and is now at a critical decision point 👀
🎯 Key levels to watch:
Upside trigger: reclaiming 8.30 zone with volume
Downside target: 8.00 - nearest support zone below current price
$LINK ,#SummerCreationCamp