【Whale Action! Is LINK about to take off or crash?】
Just saw: Crypto Whale Withdraws $5.57M in Chainlink From Binance, wow this news is a bit explosive! To be honest, my first reaction was FOMO (fear of missing out) kicking in. With this whale making a move, the market will definitely see significant fluctuations; it could very well be the beginning of a major trend.
Currently, LINK is priced at $12.570000, with bulls in control, and an RSI of 51.1, which is still quite healthy. However, such a large outflow from a whale will certainly impact the market. I see two possibilities: one is that the whale is preparing to pump the price, and the other is that they believe it has peaked in the short term and are preparing to sell. Honestly, I’m also feeling quite anxious, unsure if I should follow the trend.
On key price levels, support is at $12.190000, resistance at $12.950000, and the breakout point is $12.820000. My experience tells me that in such situations, you either go with the trend or wait and see. My plan is as follows: if LINK can hold above $12.820000, I will increase my position with a target of $13.000000; if it breaks below $12.190000, I will stop loss and exit.
Brothers, what do you think of this analysis? See you in the comments!
📊 Key price levels:
• Support: $12.190000
• Resistance: $12.950000
• Breakout: $12.820000
