#LINK Head and Shoulders Formation Points to Potential Downside
2024-12-27
Category: None

Chainlink (LINK/USDT), Head and Shoulders Formation Points to Potential Downside 

On the 4-hour timeframe, a clear Head and Shoulders pattern has emerged, signaling a potential bearish reversal. Key support levels are identified at $19.89 - $21.86, and a decisive close below this critical zone could pave the way for a significant downside move, with the next target projected around $12. 

Traders should monitor the price action closely at the support zone, as a confirmed breakdown could provide an optimal short entry to capitalize on this pattern. Stay vigilant and ready to seize this opportunity.

Not A Financial Advice, Trade at your Own Risk. We are not responsible for profit or losses
