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...

Comment:

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...

Trade active:

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.

Trade closed: stop reached:

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...