LINK/USDT in a ascending channel
Updated
So, LINK had a minor retracement, touching the lower channel, which as you can see, is acting as a moving support and then, had a nice pump (roughly 4%) from there. For now, I'm considering price to move upwards close to resistance (the upper channel), and setting stop-loss a buff away from the lower channel.
Note
Considering that the LINK bull run has been strongly influenced by Bitcoin bull run too in the previous weeks, if Bitcoin fails, it's highly likely that LINK will follow the same path, but we all have seen that LINK also rallied with Bitcoin feeling bearish. As I said, always set stop-losses.Note
As I expressed my concern earlier, LINK correlation with Bitcoin made it fail to follow the ascending channel. Closed the trade at US$2.58.
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