Technical analysis by tienbmdev97 about Symbol LINK: Sell recommendation (8/7/2025)

Here’s a detailed trading analysis for your SHORT setup on LINK/USDT based on the chart: 🔍 Chart Context Pair: ChainLink / USDT Exchange: Binance Timeframes: 4H (left) and 15m (right) Current Price: ~$18.05 Short Bias: Bearish reaction expected from supply zone 🔲 Key Zones & Levels 🔼 Resistance / Supply Zone $18.11 - $18.50 (highlighted in purple box) Price reacted sharply on first touch → signs of sell pressure. Confluence: Previous highs Psychological resistance near $18.50 🔽 Support / Target Zone $17.05 - $16.50 (marked by orange and green box levels) Prior consolidation and demand area First strong reaction expected around $17.10–$17.20 🧭 Trade Idea (SHORT) 🎯 Entry Area: $18.05–$18.50 (preferably near the top of the purple box) Confirmation: 15m or 1h bearish engulfing or liquidity sweep + reversal ⛔️ Stop Loss Above $18.60 Reason: Above the wick and supply zone, avoiding stop hunt 📉 Targets TP1: $17.50 (edge of green box, early profits) TP2: $17.00 (orange support line) TP3: $16.50–$16.00 (final target on full breakdown) 🔧 Technical Indicators RSI (Relative Strength Index) 4H RSI: ~69.74 → nearly overbought 15m RSI: ~66.90 → potential bearish divergence Conclusion: Momentum slowing, ripe for pullback Volume Spike on breakout to $18+ zone → Possible buy climax Declining after → suggests distribution phase 🧠 Probability Triggers ✅ High Confluence for SHORT Strong supply zone Overbought RSI High volume spike + exhaustion Clear FVG (Fair Value Gap) and imbalance below ❌ Short Invalidated If Break & close above $18.60 with volume Consolidation above $18.50 📝 Summary CriteriaDetails BiasSHORT Entry Zone$18.05 – $18.50 Stop LossAbove $18.60 Target Range$17.50 → $17.00 → $16.50 Risk/RewardApprox. 1:2.5 to 1:3.5 Confidence✅ High (Supply zone + RSI + Volume confluence)