There is definitely something forming with $LINK here.
After the big drop from 14, it seems that the sellers are finally running out of momentum. We've been sideways for a while, trading between 8.40 and 9.20. The daily chart shows that we are building a solid base around the 8.00 level. It's not a moon mission yet, but the fact that we are not making new lows is a good sign. Volume is somewhat low, which usually means a big move will happen once we decide on a direction. If we can actually turn 9.20 into support, we might finally see some relief. And if not, we’re likely to revisit 7.15 again to test that shadow. I’m just watching the range for now. #GateSquare$50KRedPacketGiveaway
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There is definitely something forming with $LINK here.
After the big drop from 14, it seems that the sellers are finally running out of momentum. We've been sideways for a while, trading between 8.40 and 9.20.
The daily chart shows that we are building a solid base around the 8.00 level. It's not a moon mission yet, but the fact that we are not making new lows is a good sign. Volume is somewhat low, which usually means a big move will happen once we decide on a direction.
If we can actually turn 9.20 into support, we might finally see some relief. And if not, we’re likely to revisit 7.15 again to test that shadow. I’m just watching the range for now.
#GateSquare$50KRedPacketGiveaway