$LINK
He was in a sharp correction after the rejection of $13.68, and the drop reached $10.62.
The important thing is that this area didn’t break the movement completely; then clear buying appeared, and the price regained $11 instead of continuing to form new lows.
Right now the real battle is at $11.24; this is the last peak of the current rebound, and breaking it with strong momentum changes the movement from mere recovery into continuation.
Then it would stay at $11.80 and afterward $12.20—important zones to watch.
As for a pullback below $10.62, it indicates that everything that happened was just a rebound within a downtrend.
LINK’s whole story boils down to one question: were the buyers able to turn $11.24 from a ceiling into a floor?
$LINK
He was in a sharp correction after the rejection of $13.68, and the drop reached $10.62.
The important thing is that this area didn’t break the movement completely; then clear buying appeared, and the price regained $11 instead of continuing to form new lows.
Right now the real battle is at $11.24; this is the last peak of the current rebound, and breaking it with strong momentum changes the movement from mere recovery into continuation.
Then it would stay at $11.80 and afterward $12.20—important zones to watch.
As for a pullback below $10.62, it indicates that everything that happened was just a rebound within a downtrend.
LINK’s whole story boils down to one question: were the buyers able to turn $11.24 from a ceiling into a floor?
$LINK