$LINK has been in the market for nearly 3 years. I realize that once you have placed an order, don't go check out those who boast about profits and shout about price increases or decreases. It affects your trading psychology. For example, on that day when LINK peaked at 30, many were shouting it would reach 50 or even 100. Bla bla. And then what? It dropped all the way down to 9U 🤣. A group of people, for profit, spread good news to make newcomers FOMO and end up buying at the peak, and now they must have lost everything or be stuck with their capital. So I advise new traders to focus on learning technical analysis, choose a larger time frame to study, and not be swayed by a few large trades with high volume that yield a lot of profit, leading to overconfidence and small capital with high volume; just one mistake can wipe out all your accumulated wealth. I myself have made a lot of high PNL, but because of FOMO once, it led to account burnout. My advice for new traders is to learn proper capital management + capital preservation before even talking about profits. Because that money is just flowing from one person's pocket to another's, the exchange doesn't pay that money. So before placing an order, look at the trend and have a strategy for how much you can afford to lose. I predict that LINK will return to the support level of 20-21. If it breaks, the price will return to the beginning of 1. Since the log volume accounts for 74%, the ship can't sail yet.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.See T&Cs.
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