Short term bearish pressure - but buy the dip rules
Have called the short at 8.5. After a majestic 100% rally in just few days, bulls are taking a breath while bears are cashing in.
Link bounced at support in 7.1 area, but we might experience further downward pressure to 6.8 where 100 moving average sits and 5.8-6 at 200 MA levels. Overall am bullish on the coin, but better to be cautious, as also MACD doesn't seem to suggest a short term reversal trend.
If short is too risky, suggest placing buy orders in 7.05 - 6.8 - 5.8 (low leverage 5-10x)
Short Term Strategy Short
Buy: current price
TP 7.05 - 6.9 - 6.7
SL
Leverage 10-25x
Link bounced at support in 7.1 area, but we might experience further downward pressure to 6.8 where 100 moving average sits and 5.8-6 at 200 MA levels. Overall am bullish on the coin, but better to be cautious, as also MACD doesn't seem to suggest a short term reversal trend.
If short is too risky, suggest placing buy orders in 7.05 - 6.8 - 5.8 (low leverage 5-10x)
Short Term Strategy Short
Buy: current price
TP 7.05 - 6.9 - 6.7
SL
Leverage 10-25x
