Chainlink: bounce or breakdown? key levels to watch!

Chainlink - Who else is watching this dip after that spicy run up? Recent headlines keep circling oracles and real-world data plays, and according to industry sources Chainlink keeps popping up in that conversation, even while the broader market cools off. Price has slid back into the same 4H value zone that acted as a launchpad earlier this month.

On the 4H chart, LINK is sitting in the 8.2 - 8.4 support pocket with a chunky volume node around 8.7 acting like a magnet. RSI is hovering in the low 30s, so we’re not euphoric anymore, we’re tired and oversold right inside demand. For me that favors a bounce scenario toward 8.7 first, then 9.0 - 9.2 if buyers actually show up.

My plan: I’m interested in longs in this 8.2 - 8.4 zone with invalidation just under the recent lows around 8.1 ✅ First target 8.7, second target the upper supply band near 9.0 - 9.2. If we get a clean 4H close below 8.1, I flip the bias and look for a slide toward the next big support near 7.3 instead. I might be wrong, but shorting straight into this support feels like stepping in front of a loaded spring.