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$LINK I’m bearish this round. It still hasn’t managed to reclaim the key levels, and the shorts are clearly building up strength for the next sell-off.
If you want to trade, watch the 8.389 to 8.599 range. If it drops, look at around 8.160 and even 7.893. Place your defense at 8.857. Also, $ESPORTS and $SOXL —you should watch them too; it feels like the shorts are awake again.
But don’t go in too aggressively—watch your risk. If the MA7 on the 1-hour timeframe is suddenly reclaimed, the bearish thesis may fail. Everyone, control your position size—never go all-in.