Seeing price consolidation at the upper level of the downward trend line for LINK.
Wait for breakout direction and play it accordingly.
Priority seems to be down at the moment; key support was broken and volume hasn't been crazy on the bounce off current support. I expect a retest of current support at some point soon.
Stoch is bordering overbought, MACD is heading to a reversal potentially.
If it breaks down from the current lower support we have a couple more key support levels we can potentially take profit at.
If we get a breakout, watch how we play around the EMA's. If we can't get a decent breakout and hit EMA's as heavy resistance we'll surely be going down lower so a tighter TP at the EMA's is advisable on a long position.
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It's a short. TP 1 Hit
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Big bounce off the first TP stopped at EMA 100 AGAIN.
Bulls are trying but the backbone doesn't seem to be there anymore.