P_S_trade

LINK. 12h. Sellers are ready to keep the range $11.80-12.00.

Short
BINANCE:LINKUSDT   ChainLink / TetherUS
Link history. 5 series. In the characters:
- active buyers who have continued the local price trend from the mark $7.3 since 7 October.
- sellers gaining initiative.
-price zone $11.80-12.00.

In the previous series, buyers managed to keep the range $8.7-9.2, what gave them confidence to continue growing. However, small volumes and sluggish nature of growth from 7 October call into question the price fixing above the range $11.8-12.00.

Now we expect a retest of $8.4-8.7 with the prospect of $7.8 test.We will believe in the continuation of growth to the level $13.5 only after fixing above $12.
Therefore, selling this coin in the range $11.8-12.00 is a good scenario for us. Also in this range, one can decide on an aggressive short with a short stop.

Let's see how this situation ends. Subscribe to us not to miss new episodes and trades:

P.S. The global scenario is valid.
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Comments

Clean channel application, in agreement with this bearish setup. Thanks for sharing!
+1 Reply
Yes price is likely to be rejected from this level
Reply
yea, you're right, 12H looks kinda shitty... the 1W looks better, "IF" stimulus comes, they might push it to ~14$ and I will be waiting there...😈
Reply
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