COINBASE:LINKUSD   LINK/USD
Link recently made a large retracement after the recent bitcoin dip, but is it done?

There are a number of long setups you could take here but it might be worth setting some stink bids down lower to try and catch a better entry.

You’ll notice that the price tapped the 0.5 fib level and was quickly bought up, however there is a lot of liquidity around the 0.618 – 0.65 fib level.

If link makes another leg down, which is entirely possible, it will pay to have buy orders sitting in the zones outlined on the chart.

Happy trading.

Comments

How is it you determine that there is a lot of liquidity at .618? Very curious about how you know this.
Reply
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