Chainlink has been mostly range-bound for over a year. The lower end of the range was broken briefly, clearing liquidity just under the range. When the ranges are swept and regained like this it is very common to see the other extreme of the range get swept. For that reason, I am keeping a long-bias on LINK and will be watching for a short position to present itself if we approach the upper range.
Until that occurs, I will simply be observing LINK and watching for the local price action pullback and continuation.
Chainlink has been mostly range-bound for over a year. The lower end of the range was broken briefly, clearing liquidity just under the range. When the ranges are swept and regained like this it is very common to see the other extreme of the range get swept. For that reason, I am keeping a long-bias on LINK and will be watching for a short position to present itself if we approach the upper range.
Until that occurs, I will simply be observing LINK and watching for the local price action pullback and continuation.