LINK broke $9.00 this morning — then took it back.
$LINK is at $9.25, -3.8% in 24h, on $41.4M volume. The day's low was $8.574, after it lost $9.50 and then $9.00 in the morning slide. But the hourly chart tells a different second half: $8.71, then $9.10, then a slow grind back up to $9.25.
So the breakdown did not hold — yet. The question now is whether $9.00 holds as support, or whether that bounce was just a pause before the next leg down.
The levels I am watching:
Support: $9.00, then $8.574
Resistance: $9.50, then $9.62
Trigger: an hourly close back under $9.00 would tell me the reclaim failed and the slide is resuming
Invalidation: an hourly close above $9.50 and the bounce starts to look like a real recovery
No LINK-specific news today. This is a coin that broke its level, then fought its way back above it in the same day.
LINK lost $9.62, $9.50 and $9.00 — then reclaimed $9.00. Which side wins tonight — the bounce, or the slide?
#LINK #Crypto #Binance
Not financial advice.
$LINK is at $9.25, -3.8% in 24h, on $41.4M volume. The day's low was $8.574, after it lost $9.50 and then $9.00 in the morning slide. But the hourly chart tells a different second half: $8.71, then $9.10, then a slow grind back up to $9.25.
So the breakdown did not hold — yet. The question now is whether $9.00 holds as support, or whether that bounce was just a pause before the next leg down.
The levels I am watching:
Support: $9.00, then $8.574
Resistance: $9.50, then $9.62
Trigger: an hourly close back under $9.00 would tell me the reclaim failed and the slide is resuming
Invalidation: an hourly close above $9.50 and the bounce starts to look like a real recovery
No LINK-specific news today. This is a coin that broke its level, then fought its way back above it in the same day.
LINK lost $9.62, $9.50 and $9.00 — then reclaimed $9.00. Which side wins tonight — the bounce, or the slide?
#LINK #Crypto #Binance
Not financial advice.