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$LINK Right around 9.220 USDT for now. Here, do you think we should keep ranging higher, edging up a bit more, or is it about time to pull back for a while?
$LINK If I were to state a conclusion first, I’d lean more towards: it looks more like disagreement at a high level, so it’s not suitable for continuing to chase longs.
This is how I see it:
First, the active buy-side isn’t decisive enough, and the upside breakout still lacks that final push.
Second, the price is already close to the resistance zone, and the upside room and risk-reward ratio aren’t great.
Adding one more thing: BTC isn’t strong—only altcoins have room for a waterfall-style drop. If BTC shows a strong trend pulling up on the 15-minute/1-hour charts, then just give up on chasing shorts directly.
A more comfortable entry point: 9.294 USDT
Estimated target price: 8.741 USDT
Stop-loss reference: 9.515 USDT
But the biggest fear at this level is that the bears haven’t gained momentum yet and get squeezed out first.
If you were the one making the trade here, would you go in first and watch for a while, or would you just not touch it at all?