I almost skipped $LINK today — then it tapped $11.94 while the feed talked withdrawals.
JustScreener's numbers put it at $11.82, up 3.51%, in an $11.34–$11.94 range; OKX agrees at $11.76. The $11.72 wick that rejected us on 31 Oct is behind us, at least intraday. Underneath, though: $369.74M open interest, funding +0.0068%, longs paying shorts. A crowded long side, not quiet strength — a rejection here hurts fast.
I'm leaning bullish, not strong: the range broke upward, but that crowded book is what gets flushed if $12.07 fails.
Plan at $12.07: entry $11.34–$11.82, targets $11.94, $12.07, $12.34, stop below $11.32. Half at target one, quarters after, stop to entry. Keep size light.
If $12.07 breaks, $12.34 is next; if it holds, back toward $11.44 fast. Close below $11.32 and I'm wrong.
Trust this break before $12.07, or wait for the close above it?
Not financial advice. DYOR.
#LINK #Chainlink #DeFi
JustScreener's numbers put it at $11.82, up 3.51%, in an $11.34–$11.94 range; OKX agrees at $11.76. The $11.72 wick that rejected us on 31 Oct is behind us, at least intraday. Underneath, though: $369.74M open interest, funding +0.0068%, longs paying shorts. A crowded long side, not quiet strength — a rejection here hurts fast.
I'm leaning bullish, not strong: the range broke upward, but that crowded book is what gets flushed if $12.07 fails.
Plan at $12.07: entry $11.34–$11.82, targets $11.94, $12.07, $12.34, stop below $11.32. Half at target one, quarters after, stop to entry. Keep size light.
If $12.07 breaks, $12.34 is next; if it holds, back toward $11.44 fast. Close below $11.32 and I'm wrong.
Trust this break before $12.07, or wait for the close above it?
Not financial advice. DYOR.
#LINK #Chainlink #DeFi
