$LINK a little analysis for the newbies to rely on these top coins during this recovery phase.
For example, this cute link of mine.
In the daily chart, it is showing the MA lines sloping down like a waterfall. This indicates that in the medium and short term, it is still likely to hover around the 19-20 range, possibly down to 18.50.
It is also a top coin, and the buying range is between 23-19.50, showing a lot of green and red wicks. This means that this area has both buying and selling, which is called a support zone or a swaying area within this range. Many people still say it's an accumulation zone.
In the short term, the 1D chart shows it is currently slightly green and may experience a slight retest. Looking at the chart, it has already retested around 23.10-23.42. So it might continue to rise to the range of 26.10 - 26.88, which is the take profit area in the short term as it has recovered quite a bit within the accumulation zone 😃.
Therefore, we need to look at the chart to lock in profits. The principal can still be floating, and then we'll see where it goes. Lock in the principal at the level hitting 24.
Speaking at length, open the 1D chart, look at the red length from top to bottom 100%, cutting it in half is the profit-taking point. When catching the recent bottom 🤣. Link shares 2 out, waiting to see what it does next.