Chainlink At Risk Of 25% Drop
Taking a long position on LINKUSD right now has a terrible risk/reward ratio.
Until and unless price consolidates back above the current horizontal, short traders will be looking for an entry with 25% drop target.
As it stands right now, price is pushing against the exact level we've been watching for weeks, assuming that 'as a worse case scenario' price could retrace to $9.
Now we may be looking at $6.70.
Until and unless price consolidates back above the current horizontal, short traders will be looking for an entry with 25% drop target.
As it stands right now, price is pushing against the exact level we've been watching for weeks, assuming that 'as a worse case scenario' price could retrace to $9.
Now we may be looking at $6.70.
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