Hello, Traders!
In times of strong sell-offs, you should always choose assets with strong fundamentals. LINK is one of the strongest projects in the market with strong market makers, who were able to resist the Zeus Capital fund last summer, who opened a short position against LINK to the dollar.
The price of the asset continues to move in a downtrend, indicating weakness in buying.
The range of $10.95 - $14.31 acted as an accumulation zone before the start of the business cycle in January 2021.
Therefore, in case the sellers continue to dominate the market as a whole, the price stands a good chance of moving back into this range.
The position in the long term portfolio can be formed in several parts, the first of which can be gained in the range of $10.95 - $14.31
An order to buy may also be placed in the range of $8.38 to $9.75 in case of sharp market moves.
Stop-loss should be set depending on your risk of the deal, as well as the amount of open position.
Target price levels would be
$17,33
$22,08
$28,25
$34,00
$39,00
$44,00
Good luck and watch out for the market.
P.S. This is an educational analysis that shall not be considered financial advice
In times of strong sell-offs, you should always choose assets with strong fundamentals. LINK is one of the strongest projects in the market with strong market makers, who were able to resist the Zeus Capital fund last summer, who opened a short position against LINK to the dollar.
The price of the asset continues to move in a downtrend, indicating weakness in buying.
The range of $10.95 - $14.31 acted as an accumulation zone before the start of the business cycle in January 2021.
Therefore, in case the sellers continue to dominate the market as a whole, the price stands a good chance of moving back into this range.
The position in the long term portfolio can be formed in several parts, the first of which can be gained in the range of $10.95 - $14.31
An order to buy may also be placed in the range of $8.38 to $9.75 in case of sharp market moves.
Stop-loss should be set depending on your risk of the deal, as well as the amount of open position.
Target price levels would be
$17,33
$22,08
$28,25
$34,00
$39,00
$44,00
Good luck and watch out for the market.
P.S. This is an educational analysis that shall not be considered financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.