Technical analysis by tradecitypro about Symbol LINK: Buy recommendation (10/16/2025)

👋 Welcome to TradeCityPro Channel! After the recent sharp drop in the overall crypto market, which was mainly triggered by negative news from China and the United States, Chainlink (LINK) also faced a noticeable correction —just like most major altcoins. At the moment, LINK is trading below a strong daily resistance zone, which has previously acted as a key turning point for price action. The market seems to have already completed a pullback to this resistance, showing that sellers are still active in this region. This is a critical area — the next move from here could define whether LINK continues downward or begins a new bullish leg. If the market manages to break above this resistance with strong momentum and confirmed volume, we can start looking for long opportunities on lower timeframes (like 4H or 1H). However, it’s safer to wait for confirmation of structure change, such as the formation of higher highs and higher lows, before entering. For a short position, there are two clear scenarios: If the price gets rejected from the 20.12 level, it can trigger a short setup early, especially if accompanied by bearish candlestick patterns like a shooting star or bearish engulfing. A confirmed break below 17.07 would act as a stronger confirmation for continued downside momentum — showing that buyers are losing control and the bearish pressure remains dominant. On the other hand, if the price breaks above 20.12, we’ll likely see a move toward the descending trendline that has been guiding LINK’s movement for several weeks. This zone could become another major decision point: A rejection from the trendline might start another wave of correction, But if LINK breaks above it and sustains momentum, it would signal the start of a potential bullish reversal, possibly leading to a trend continuation toward higher resistances. 🔹 Bullish confirmation: Break and retest above 20.12 with structure change on lower TFs. 🔹 Bearish confirmation: Breakdown below 17.07, or rejection from 20.12 with volume. 🔹 Neutral zone: Between 17.07 – 20.12, where price might consolidate before its next move. Overall, LINK is currently in a decision-making phase, and traders should stay patient, waiting for clear breakout or rejection signals before entering any position. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️