LINK/BTC - Sell off before price rise for Web3?

LINK has often had a modest sell off prior to large takeoff in price.

Purple line is where I would like to see support hold prior to a run, if one is to come.

I have a stop at 21k which I expect will be wicked through to steal my position prior to the run... OR... I will protect my funds through another leg of downtrend to 18k.

No bother, I will sleep well tonight either way, see you tomorrow link marines...

Bình luận:

The purple line was chosen as it was a key level of both support and resistance at start of the month.

I try to read charts from right to left as the people in the market now matter more than the people who were in the market back then...

Giao dịch đang hoạt động:

Well. I am still in the game. So far the daily low is *exactly* where my buy order was placed. But it could still drop lower before the day is out.

Stop at 21k sats. If it reverses here I will look to lock in profit at the next swing high.

Đóng lệnh: dừng lỗ:

SAD.

This was a big waste of time in the end. Unfortunate. Seems momentum is no longer with LINK.

In the end my 'counter argument' played out. A reminder to always assume each trade will be a loser, prior to entry...