The analysis discusses LINKUSD and its current sell-off. The analyst identifies a support zone between $12 and $12.78. The price action after a low more than a week ago formed a micro five-wave move up, which the analyst considers weak. The analyst indicates it is not a high-quality setup and points to tracking the 78.6% retracement for Wave 2 to 12.013. The analyst suggests that a break above the yellow trend line is needed to confirm a Wave 3 start, and decisive breaks below $12 would open the door to new lows.The video sets a key first resistance at $12.81 with a break above the yellow trendline to look for a long position. The analyst also notes as an alternative that if a micro five wave shows up on smaller time frames would add to their confidence.