Chainlink(LINK) Price Analysis 1/9/2024
Price action shows that after a sharp drop to 10.50, the price tends to move sideways and fluctuate in a narrow range between 10.50 and 11.00. The Bollinger Bands indicator shows that the price is near the lower band (10.89), signaling a possibility of recovery or continued sideways movement. The MACD has almost no clear crossover, showing a lack of direction in the market. The decreasing liquidity also shows indecision from investors.
Trading strategy:
Open a buy order when the price exceeds 11.00,
Stop loss below 10.50,
Take profit at 11.70.
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>>Note: the market can have unusual fluctuations, manage risks, always set SL
>>>Do your own research and be responsible for your money😊😊😊
