Chainlink ($LINK ) is currently correcting to $11.473 (-1.99%). The market is uncertain: Short-term data shows selling pressure, but behind the scenes, Whales are quietly accumulating. What is the best strategy?
📊 On-Chain Data Analysis:
Bearish (Short Term 60%): Observing coin inflows to Binance (potential profit taking or cut loss). General market sentiment is sluggish, dragging $LINK down.
Bullish (Medium Term): Adoption of Chainlink Runtime and accumulation of Smart Money becomes a strong foundation. This decline may just be a "shakeout" before the next rally.
🎯 TRADING SETUP (Xiezha Strategy)
📉 SHORT Plan (Capitalize on Downtrend)
Because the selling momentum is still strong towards $11.00.
Entry: $11.45 (Market Price)
Stop Loss: $11.75
Take Profit: $10.60
📈 LONG Plan (Wait for Bounce)
Don't catch a falling knife! Wait in a strong support area.
Entry: $11.20 (EMA 20/30 Area)
Stop Loss: $10.90
Take Profit: $12.30
💡 Conclusion:
The probability of dropping to $11.00 - $10.60 is currently higher. Personally, I would take a short position briefly, then prepare to reverse to a long position when the price touches the discount zone below.
Disclaimer: DYOR. Not financial advice.
#Chainlink #LINK #CryptoTrading #AnalisisPasar #SmartMoney
