Link Update (4H) Correction Has Started

29 May

In my previous analysis, I presented two different perspectives on LINK.
On lower timeframes, LINK completed its 5-wave impulsive structure, but in doing so, it invalidated the macro reversed Head and Shoulders pattern—rendering it no longer valid.

Currently, LINK has entered a classic A-B-C corrective phase, signaling temporary market weakness. If the price drops below the key S&R zone (highlighted in pink), I expect a swift move down towards the $13.45 level.

This target coincides with a well-defined demand zone, adding further confluence to the short thesis.

📉 Outlook: Favorable for short positions upon confirmation of breakdown.

— Thanks for reading.

30 May

İşlem aktif

Take the half profit here.

31 May

İşlem kapandı: hedefe ulaştı

Headshot.