LINK is trading within an upward channel. Those who already have a position can monitor this channel and exit the trade if it is broken (Either 3 consecutive candles closed below it OR a full candle traded below it).
But, keep in mind that LINK is trading within a box (5.000 - 10.000) for well over a year now. Long-term hodlers can accumulate when drops occur within this box.
But, keep in mind that LINK is trading within a box (5.000 - 10.000) for well over a year now. Long-term hodlers can accumulate when drops occur within this box.
Trade closed manually:
As the upward channel is clearly broken, the position is closed.
However, if you're still willing to hold, watchout a break of 7.408 support to exit.
However, if you're still willing to hold, watchout a break of 7.408 support to exit.
Trade closed manually:
As the 7.408 support has broken, better to exit the trade.