Technical analysis by TrendShredder about Symbol LINK: Sell recommendation (2/4/2025)

We're seeing a classic head and shoulders pattern forming on the 1H timeframe, signaling a potential continuation of the downtrend. The right shoulder is rejecting at key resistance, aligning with the Fibonacci 0.236 - 0.382 zone (19.23 - 19.28), adding confluence to the bearish outlook.🔎 Indicators Confirm Bearish Momentum:🔻 RSI Bearish Divergence & Rejection:RSI is rejecting from the 50-55 zone, a typical resistance level in a downtrend.No bullish strength yet, confirming potential weakness.🔻 MACD Bearish Crossover:The MACD line has crossed below the signal line, suggesting a momentum shift in favor of the bears.The histogram is turning red, further confirming decreasing buying pressure.Key Levels to Watch:🚀 Bullish Breakout: Needs to reclaim 19.52+ for a reversal.⚠️ Bearish Target: Break below 18.52 (0.5 Fib) opens the door to 17.76 (0.618 Fib) and possibly 16.67 (0.786 Fib).A breakdown from the neckline could accelerate the move lower. 📉 Watch for volume confirmation!Would you go short on this setup? Let me know your thoughts! 👇#Crypto #Trading #HeadAndShoulders #RSI #MACD #TechnicalAnalysis📈 Trade Closed: +10% Profit! 🎯 The head and shoulders pattern played out perfectly, with price rejecting at the Fibonacci 0.236 - 0.382 zone (19.23 - 19.28) and breaking down as expected. 🔻 RSI confirmed weakness, rejecting from the 50-55 level. 🔻 MACD bearish crossover signaled momentum shift early. 🔻 Volume increased on the breakdown, adding confluence to the short trade. ✅ Closed the trade with a solid +10% profit! Looking for the next setup—will the downtrend continue, or are bulls ready to step in? What’s your next move? 🚀📉 #Crypto #Trading #Profit #TechnicalAnalysis #HeadAndShoulders #RSI #MACD