$LINK #LINK
LINK is quietly one of the weakest majors this week, down almost 10 percent in 7 days.
Chainlink is near $11.02, down 3.40 percent in 24 hours and down 9.77 percent over 7 days, according to CoinGecko. That underperformance matters. In a market where everything is falling, the coins that were already weak before the news usually fall furthest, because there is no strong buyer waiting underneath. LINK has shown no real bounce strength while HYPE and even TRX held up better, so my bias here is short. I would short into 10.90 to 11.10, with a stop above 11.50, because reclaiming 11.50 would tell me buyers are finally stepping in. Targets are 10.50 first, then 10.10 if the weakness continues.
Futures trading is risky, trade small, manage risk, do your own research.
#Chainlink #Crypto #FuturesTrading #TradingSignals
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Does LINK fall to $10.50 before it reclaims $11.50?
LINK is quietly one of the weakest majors this week, down almost 10 percent in 7 days.
Chainlink is near $11.02, down 3.40 percent in 24 hours and down 9.77 percent over 7 days, according to CoinGecko. That underperformance matters. In a market where everything is falling, the coins that were already weak before the news usually fall furthest, because there is no strong buyer waiting underneath. LINK has shown no real bounce strength while HYPE and even TRX held up better, so my bias here is short. I would short into 10.90 to 11.10, with a stop above 11.50, because reclaiming 11.50 would tell me buyers are finally stepping in. Targets are 10.50 first, then 10.10 if the weakness continues.
Futures trading is risky, trade small, manage risk, do your own research.
#Chainlink #Crypto #FuturesTrading #TradingSignals
Follow for more trades
Does LINK fall to $10.50 before it reclaims $11.50?
