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$LINK Right now it’s around 9.22 USDT. Do you think we should keep grinding higher, or is it about time to pull back a bit?
If I had to give a conclusion, I’d lean more toward: after the pullback ends, we’ll continue to move stronger.
That’s mainly how I see it:
First, after the pullback, the support is still there, and there isn’t any obvious pulling back/canceling of aggressive buy orders.
Second, there hasn’t been a continuous sell-wall smashing in the order book; in the short term, it looks more like consolidation rather than turning weak.
Let me add one more thing: waterfall-style sell orders should quickly make new lows—if it doesn’t drop fast, it’s not a strong waterfall.
A more comfortable entry level: 9.156 USDT
First, look at this target level: 9.710 USDT
Defense level reference: 8.935 USDT
But the biggest thing this level is afraid of is failing to push higher on high-volume attempts.