$LINK loses $10.80 and I’m calling the pullback deeper. Reclaims $11.80 this week and the dip gets bought hard. 🔥
Price is $11.23 right now, down 5.21% on the day, and the 4h bleed is still there. But this isn’t dead tape yet. It’s still above the 20d and 50d MAs, RSI is only 54, and funding at 0.010% says longs are still paying up. 👀
What I don’t like is the volume. $63M is fine, but it’s only 0.8x the 20d average. That’s not panic selling, that’s lazy distribution. If LINK is really going higher from here, it has to prove it fast. 📉
No proof, no chase.
#Chainlink
#Altcoin
Price is $11.23 right now, down 5.21% on the day, and the 4h bleed is still there. But this isn’t dead tape yet. It’s still above the 20d and 50d MAs, RSI is only 54, and funding at 0.010% says longs are still paying up. 👀
What I don’t like is the volume. $63M is fine, but it’s only 0.8x the 20d average. That’s not panic selling, that’s lazy distribution. If LINK is really going higher from here, it has to prove it fast. 📉
No proof, no chase.
#Chainlink
#Altcoin