Chainlink is Likely to Continue Down After Correction
Chainlink is moving alongside a downtrend since October 16. The coin is nearing the resistance of the triangle pattern and is likely to continue down after a small correction. Thus, it would be interesting to consider short trades from 7.4356-7.4730 with a target at 7.1690, which is the support level of the triangle. The stop-loss could be set slightly above 7.5706, the high of October 17.
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