LINK has been trading in the range 5.5-9.5 for quite some time. There is no sign of breaking the pattern downward. And it is pretty safe to enter a trade here.
The plan is to buy at 5.5 and sell at 9.5, trade the range. In the worst-case scenario, LINK broke the $5 mark downward, and we take our losses and get out.
Entry: 5.5x-5.6x
Sl: 4.9x
Tp: 9.5
Remember, always trade at your own risk, and never risk more than you can afford to lose.
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Scalper should take some profits and rebuy at $5.7. Long term holders shouldn't be concern by the noises made by the market in the next few days.