$LINK has been in the market for nearly 3 years. I realize that once you have placed an order, don't go check out those who are boasting about their profits and shouting about price increases or decreases. It affects your trading psychology. For example, this link peaked at 30 recently, and many were shouting it would reach 50 or even 100. Bla bla. And then what? It dropped all the way down to 9U 🤣. A group of people, for profit, spread good news to make newcomers FOMO and chase the peak, and now they probably have lost everything or are stuck with their capital. So I advise those new to trading to work hard on learning technical analysis and choose a larger time frame to learn, rather than being swayed by a few big trades with large volumes that yield many times the profit, leading to subjective psychology + small capital with large volumes. Just one mistake can wipe out all accumulated gains. I myself have also won a lot with high PnL. But once, because of FOMO, I ended up burning my account.
A piece of advice for new traders: learn proper fund management + capital preservation, not to mention profits. Because that money is just flowing from one person's pocket to another's; the exchange does not pay that money. Therefore, before placing an order, look at the trend and have a strategy on how much loss you can bear.
I predict the price of link will return to the support level of 20 or 21. If it breaks, the price will return to 1. Because the log volume accounts for 74%, the boat cannot set sail.