LINK TANKING. BIG MONEY DUMPING.
Entry: 8.3 🟩
Target 1: 8.9 🎯
Stop Loss: 9.1 🛑
Massive outflows from $LINK spot markets. Whales are unloading millions of tokens. Supply pressure is crushing demand. Futures data confirms widespread capitulation, with open interest plummeting to yearly lows. This isn't a short squeeze; it's a mass exodus. Funds are fleeing $LINK for safer havens. The trend is undeniably bearish, with a sharp decline from key moving averages. The next critical support level is 8.3. Breaking this level invalidates the long-term bullish structure. Avoid catching this falling knife. Wait for a clear bounce at 8.3 with significant buying volume before considering any entry. A daily close above 11.5 is needed to signal a potential trend reversal.
Disclaimer: Trading is risky.
#LINK #CryptoTrading #BearMarket 📉
