A link title with code formatting is possible, as when you are linking to the docs for a particular class or function:
You should use [`-[NSString rangeOfString:options:]`] for this, passing [`NSLiteralSearch`] for the `options:` argument.
You should use
-[NSString rangeOfString:options:] for this, passing
NSLiteralSearch for the
I think this is sufficient. (Note: Meta doesn't style links differently, but mouseover those first two code-formatted bits and you'll see the links.) Putting links into larger code blocks doesn't make a whole lot of sense to me. Code needs to be exact; mixing up some other language with makes editing more confusing than it needs to be. (It also makes the mouse selection target touchier -- dammit, I was trying to highlight the text, not click the link!)
As a bonus, putting links in the English text outside the code block encourages you to do a little explanation, too, which nearly always increases the answer's quality.
I don't have any great positive argument as to why this shouldn't be done; it's more that I think there's no need for it. Leave the code blocks for the machine.