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Something is definitely brewing with $LINK here.
After that massive slide from the 14s, it feels like the sellers are finally running out of steam. We’ve been sideways for a while now, just chopping between 8.40 and 9.20.
The 1D chart shows we are building a pretty decent base around this 8.00 level. It’s not a moon mission yet, but the fact that we aren't making new lows is a good sign. Volume is a bit dry, which usually means a big move is coming once we decide on a direction.
If we can actually flip 9.20 into support, we might finally see some relief. If not, we probably visit 7.15 again to test that wick. I’m just watching the range for now.
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