LINK at Resistance | Breakout or Fakeout? CHAINLINK / TETHERCOINEX:LINKUSDTtrade-pro-mind🚨 LINK at Resistance | Breakout or Fakeout? 📉 Watch BTC Dominance – It Might Decide Everything! 🔍 Technical Analysis: Chainlink (LINK/USDT) – 4H Timeframe 📊 Current Setup: LINK broke through the key $18 resistance and is now pulling back near the $19.15 level. ✅ Price remains above all key moving averages (EMA & SMA) — a sign of strength in the current uptrend. ⚠️ However, oscillators show neutral to slightly overbought signals, increasing the need for caution. 🔸 Market Context (Macro View): • BTC is consolidating in a tight range. • BTC Dominance (4H) has broken a key support zone 📉. If the current bullish candle in btc.d fails, it could confirm a continued drop in dominance → bullish for altcoins. 📌 These conditions are crucial for LINK: If BTC stays sideways and dominance keeps falling, LINK could see another leg up. 🧮 Technical Signals: 📌 Moving Averages (MAs): ✅ 13 Buy vs. 1 Sell → Strong bullish momentum ✅ Price is above all key MAs, including EMA-200 & HMA 📌 Oscillators: 🔸 Mostly Neutral 🔸 RSI at 69.8 → Near overbought zone 🔸 CCI and Momentum → Showing Sell signals, suggesting possible short-term pullback ✅ Conclusion & Scenarios: 📈 Bullish Scenario: If LINK breaks $19.15 with a strong candle and volume, the next targets are $20.4 to $21.0. 🟢 This move is more likely if BTC.D drops further and BTC remains flat. 📉 Bearish Scenario: Failure to break $19.15 or BTC breaking down from its range could trigger a correction back to the $18 or $17.64 support zones (aligned with EMA 20-30). This area could offer a good long entry with a wider stop. ⚠️ Risk Management Notes: • Market is showing early overbought signs • 📉 Volume is declining • 🚪 Enter with reduced position size and wider stop-loss to avoid volatility traps 🚀 If you found this helpful, smash that rocket icon and follow me to catch the next trade setup!