👀 Smart money is watching this:
$LINK has posted five consecutive down days, for a cumulative loss of 8.78%.
Looking at the holder distribution, most people who entered over the past few days are sitting on paper losses. If the price rebounds toward their cost basis, it could face selling pressure from people looking to break even. The key is whether there are large buy orders absorbing supply near the lows—if not, the losing streak could continue.
It's currently down 0.42% today. What's your take at this level?
#LINK
$LINK has posted five consecutive down days, for a cumulative loss of 8.78%.
Looking at the holder distribution, most people who entered over the past few days are sitting on paper losses. If the price rebounds toward their cost basis, it could face selling pressure from people looking to break even. The key is whether there are large buy orders absorbing supply near the lows—if not, the losing streak could continue.
It's currently down 0.42% today. What's your take at this level?
#LINK