🚀
$LINK Sitting in a Sweet Accumulation Range — Bounce Incoming? 📈
Chainlink (LINK/USDT)
$LINK just got dumped hard toward the $12.26 zone, flagging a possible panic oversold bounce setup as RSI and momentum indicators flirt with oversold levels — classic reaction territory for relief moves. Link price has hit weak support around $12–$13 multiple times recently, with sellers dominating the short term.
🟩 Buy Zone: $12.0 – $12.3
🎯 Target 1: $13.2
🎯 Target 2: $14.0
❌ Invalidation / SL: Below $11.6
🔥 Market feels stretched on the downside and smart money could be watching this low zone for accumulation as short‑term selling pressure cools and relief buyers step in. RSI dropped into weaker territory, often signaling a bounce window if support holds.
📊 Bias: Short‑term bounce / scalp — not a trend reversal call.
Buyers defending this zone could light up a fast move toward $13+ levels if volume expands.
⚠️ Heads Up: A decisive break below $11.6 would invalidate the bounce thesis and signal further downside risk. Momentum signals around $12 support are neutral to bearish until bulls prove control
#LINK just got dumped to $12.26 📉
RSI is deep enough for relief bounce — panic mode on, smart money watching.
If buyers step in, we could see a sharp relief bounce! 👀
📈 Sweet Accumulation Range — Let’s Go!
#linkreversal
#linkbounceback *Not financial advice — trade responsibly and manage risk.*