Head and shoulders pattern emerging, LINK bears about to explode! Countdown to Chainlink bear market?
Chainlink (LINK) is entering a dangerous zone! The classic head and shoulders pattern has already issued a warning, and the market bears are brewing the next wave of attacks. Current price is $21.97, down 15.21% from the weekly high, with the next key support likely between $18.60 and $19.80, and in extreme cases, possibly heading straight for $14!
On-chain data shows that since December, outflows have exceeded inflows—selling pressure is everywhere. More importantly, in the past two days, the financing rate has turned negative, and trader sentiment has fully tilted towards the bears. Historical patterns indicate that this dual pressure of funds and sentiment often precedes significant adjustments.
But don't panic, when it drops, the opportunity becomes even sweeter! If we can hold the key support, LINK may become an excellent target for next year's strategy. How long can the bears be arrogant? We shall see!
Don't be blinded by short-term fluctuations. Brother Tang teaches you to lock in your targets, advance step by step, and witness the explosion of wealth with a smile!
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