Chainlink Bounced 14% Off the Low. Back to 11.00 Next?ChainLink / TetherUSBINANCE:LINKUSDTTrade-LeanChainlink started this quarter near 14.28. On Thursday it lost 10% in a day, and on Friday it hit 10.27. Then it bounced hard, up about 14% to 11.75 earlier today. But look where that bounce stalled. It's already back near 11.37, and it never got close to 12.53, the pivot for this quarter. Chainlink hasn't closed a day above that level since October 13th. So I think this is a bounce inside a downtrend, not a bottom. My read is that it comes back to about 11.00 from here. That's the next level down on this quarter's map. It might not go straight there. The weekly picture is pretty neutral right now, so it could chop first. I'm wrong if it gets to 12.53 first. That's the red line, and that would mean buyers finally took the pivot back.