$LINK — Breakdown Setup Looks Ready 📉

$LINK has rejected the $12.00 area and then dropped sharply with strong selling volume. Price is now consolidating around $11.70, but the short-term structure remains bearish with lower highs forming beneath the breakdown zone.

Short Entry: $11.70–$11.78

Stop Loss: $12.05

Target 1: $11.55

Target 2: $11.40

Target 3: $11.28

The key resistance is $11.78–$12.00. As long as price remains below this zone, another rejection could send $LINK toward the lower targets. A clean break below $11.60 would provide stronger downside confirmation.

If $LINK reclaims $12.05, the short setup is invalidated. Keep the risk controlled, especially after the recent high-volume sell-off.

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