$LINK (1D) Shorts?
LINK (1D) – Potential Scenario Considering Correlation with BTCThere is an area of interest for
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
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.