If you're still chasing the $LINK bounce into resistance, stop now.
Traders keep jumping in on every bounce thinking it's the start of a rally, only to get stopped out when it hits the wall. Not having a clear exit plan turns small losses into bigger ones fast.
Just looking at the chart, that bounce from the 13.15 low on $LINK is losing steam. Price is up against heavy resistance near 14.20, sitting at 14.126 right now.
Some see this as a healthy pause with $BTC and $ETH holding up, arguing it could push through. I see the opposite. The momentum is fading, so a short around 14.10 to 14.25 targeting 13.80 and 13.40 with stop at 14.55 looks reasonable.
But only after a clear rejection and close below 14.00. Without that, it might break higher anyway.
Where do you think this $LINK price action goes from here?
#LINK #Chainlink #Crypto
Traders keep jumping in on every bounce thinking it's the start of a rally, only to get stopped out when it hits the wall. Not having a clear exit plan turns small losses into bigger ones fast.
Just looking at the chart, that bounce from the 13.15 low on $LINK is losing steam. Price is up against heavy resistance near 14.20, sitting at 14.126 right now.
Some see this as a healthy pause with $BTC and $ETH holding up, arguing it could push through. I see the opposite. The momentum is fading, so a short around 14.10 to 14.25 targeting 13.80 and 13.40 with stop at 14.55 looks reasonable.
But only after a clear rejection and close below 14.00. Without that, it might break higher anyway.
Where do you think this $LINK price action goes from here?
#LINK #Chainlink #Crypto
