🔻
$LINK running into a heavy ceiling.
Price attempted a recovery from the recent base but the rally is already colliding with a dominant descending resistance line.
📉 Technical View:
• Pattern: Recovery move pressing into a major descending trendline
• Bias: Bearish continuation could unfold if the resistance slope keeps rejecting price
• Key Level: Watch resistance near $9.8 and support around 8.0
✅Levels + alerts + updates in Telegram ->
⚠ If price breaks above the descending resistance and holds above the rejection zone, the expected downside continuation could lose its validity.
8
2
2
2
1
1