The price of LINK has pulled back from $30.94 to the current $22.38, with a pullback of about 38%. As it stands, this pullback has basically reached its target.
During this pullback, the big players bought LINK for as much as $44 million. The reason these big players have not yet initiated a price increase at this stage is to wash out some retail investors first.
Analyzing the current daily K-line trend, the KDJ indicator has shown signs of turning upward, although the MACD indicator has not fully stabilized yet.
Observing the four-hour trend, we can see that both the KDJ and MACD indicators have formed a golden cross, which means LINK is about to start an upward trend. Therefore, positioning around the current price of $22.58 carries relatively low risk.
As for when to add positions and when to sell, that will depend on each person's individual situation and judgment.
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