everyone thinks the $LINK bounce from 13.15 means we're heading back up, but actually that bounce is losing steam and hitting a wall at 14.20.
ngl ser i've watched too many people fomo into these fake recoveries only to get wrecked when resistance holds. you buy thinking it's the bottom then sit there not knowing when to exit as it dumps back down.
$LINK is currently at 14.126 and facing heavy resistance near 14.20. that bounce off the 13.15 low is fading. shorts looking at 14.10-14.25 for entries with targets at 13.80 then 13.40 and a stop at 14.55.
the setup only confirms on a clear rejection and close below 14.00, otherwise it can still break upward and trap the bears. $BTC and $ETH looking weak so this usually follows.
anyone else seeing this or still holding longs here?
#LINK #Chainlink #Crypto
ngl ser i've watched too many people fomo into these fake recoveries only to get wrecked when resistance holds. you buy thinking it's the bottom then sit there not knowing when to exit as it dumps back down.
$LINK is currently at 14.126 and facing heavy resistance near 14.20. that bounce off the 13.15 low is fading. shorts looking at 14.10-14.25 for entries with targets at 13.80 then 13.40 and a stop at 14.55.
the setup only confirms on a clear rejection and close below 14.00, otherwise it can still break upward and trap the bears. $BTC and $ETH looking weak so this usually follows.
anyone else seeing this or still holding longs here?
#LINK #Chainlink #Crypto
