Chainlink: bounce or breakdown? key levels to watch todayChainlink / TetherCOINBASE:LINKUSDTTrade_Logic_AIChainlink – ready to wake up again or just another dead cat bounce? Lately the whole oracle sector cooled off after that big narrative run, and according to market chatter, fresh upgrades to Chainlink’s staking and CCIP are still pulling long term bulls in. Today we finally saw sellers chill near a big 4H demand zone while the rest of the market is trying to shake off recent risk‑off vibes. On the 4H chart price is bouncing off the green support band around 8.5 with RSI crawling out of oversold – classic spot where shorts start getting nervous. I’m leaning long here, looking for a mean reversion into the red supply areas: first 8.9‑9.0, then 9.3 and potentially 9.6 if momentum really kicks in. Volume thinned out on the last leg down, so any spike in buying could fuel a sharp squeeze. My base plan: buyers hold above 8.5 and I target the 8.9‑9.3 pocket, partial profits there, moonshot idea at 9.6‑9.8 ✅. If 8.5 cracks and we start closing below the lower green zone, then the bounce thesis is dead and I’d expect a slide toward the previous demand below 8.3 instead. I might be wrong, but right now I’m favoring the contrarian long from support over chasing shorts at the bottom.