analysis 📊Chainlink LINK-->>USDT 4H Technical Analysis🚀

[100%]

 

1. Current Market Situation

• Price: $23.71

• The price is trading just below a strong resistance zone around $24.

• Recent attempts to break above $24 have failed, suggesting sellers are defending this area strongly.

• Market structure shows a potential downtrend forming, with lower highs already visible.

---

2. Support & Resistance Levels

• Resistance (selling pressure):

  • $24.00 – strong rejection area.

  • $25.50 – previous high, hard to break without strong momentum.

• Support (buying zones):

  • $22.00 – first significant demand zone.

  • $20.00 – very strong support where buyers previously reacted.

  • $18.50 – next major accumulation zone.

  • $15.00 – macro-level support (only in case of deeper correction).

---

3. Trend & Market Sentiment

• Short-term trend: Bearish bias, with sellers gaining control after rejection at $24.

• Medium-term trend: Still neutral-to-bullish, but correction looks likely before another bigger move up.

• Sentiment: Cautious, with potential for deeper pullback into strong support before new rally.

---

4. Formations & Price Action

• A descending move is forming (projection marked in green on the chart).

• Possible ABC correction toward the $20 zone.

• If price holds above $20, it could form a double bottom → bullish reversal setup.

• If $20 breaks down, next target is $18.50.

---

5. Trading Plan – Possible Scenarios

📉 Short Setup (current bias)

• Entry: Around $23.50 – $24.00 (resistance rejection zone).

• Stop Loss: Above $24.80.

• Take Profit 1: $22.00.

• Take Profit 2: $20.00.

• Take Profit 3: $18.50 (extended target).

📈 Long Setup (wait for confirmation)

• Entry 1: Around $20.00 (if price bounces strongly).

• Entry 2: Around $18.50 (stronger support).

• Stop Loss: $19.20 (for $20 entry) / $17.80 (for $18.50 entry).

• Take Profit 1: $22.00.

• Take Profit 2: $24.00.

• Take Profit 3: $25.50 (if bullish continuation happens).

---

6. My Personal Take

At the moment, the better play looks like a short-term short position from $24 with targets around $22 → $20.
For safer long-term entries, I would personally wait for a clear bounce near $20 or $18.50 before entering a long.

---

7. Reminder

This analysis is made on the 4-hour timeframe.
👉 If you want more precise entries/exits on shorter intervals (15m, 1h), you need to upgrade to the premium plan – it unlocks access to professional short-term charts and deeper insights.

---

⚠️ Disclaimer

This is not financial advice. Every position should be analyzed individually before entering the market. Use proper risk management and never trade with money you cannot afford to lose.