Chainlink Spins Into Correction
Chainlink is moving alongside an uptrend for several weeks. But the LNKUSD is slowing down since October 25, while attempting to cross a strong resistance level at 12.0000. Prices have bounced from this level on Tuesday and signaled a downside correction. Thus, I would recommend to consider short trades from 11.6628-11.7888 with a target at 11.0506, which is an uptrend support. The stop-loss could be set slightly above 12.0230.
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