$LINK (1D) Shorts?
2025-01-06
Category: None

CRYPTOCAP:LINK  (1D) – Potential Scenario Considering Correlation with BTC

There is an area of interest for  CRYPTOCAP:LINK  at $23.62–$24 (FVG), from which the price could theoretically start a decline. This area should only be considered if there’s a clear reversal setup and confirmed correlation with BTC.

For me, the priority remains waiting for the $26 zone to open a more precise short position.
Key Points:
	•	We have already taken out PDH and PWH, which could indicate a potential reversal from the $23.62–$24 zone.
	•	The $23.62–$24 (FVG) is a potential zone for shorts, but only if a confirmed reversal setup appears.
	•	For BTC, I expect a correction to the $102,975 zone, so  CRYPTOCAP:LINK ’s behavior will directly depend on BTC’s dynamics.
My Plan:
I am closely monitoring the development of the situation in the $23.62–$24 zone. If a clear reversal setup appears there, confirmed by BTC’s movement, I will consider opening short positions. At the same time, the $26 zone remains a higher-priority level for a more confident short entry.