🐳 $LINK has fallen for 5 consecutive days. What do the chip movements tell us?
A common interpretation is that a sharp, straight-line drop is often caused by panic selling, while a slow grind downward with one bearish candle each day often suggests that some holders are gradually reducing their positions. This time, the price has fallen 16.69% over 5 days—a fairly fast pace—so it’s also worth watching to see whether large investors start buying at lower levels.
Do you think the market has fully reacted to the news?
Personal notes only. Please make your own trading decisions.
A common interpretation is that a sharp, straight-line drop is often caused by panic selling, while a slow grind downward with one bearish candle each day often suggests that some holders are gradually reducing their positions. This time, the price has fallen 16.69% over 5 days—a fairly fast pace—so it’s also worth watching to see whether large investors start buying at lower levels.
Do you think the market has fully reacted to the news?
Personal notes only. Please make your own trading decisions.