I am currently short Linkusdt. I believe we should see a retrace play out. .618 fibonacci retracement is confluent with major area of support. Anywhere from 2.75 down to 2.25 is where I have my buy zone. I am hoping to get buy orders filled in this area. Link also recently made an ATH against BTC and has since cooled off. Another reason I believe that Link is going to correct here. Idea is invalidated if it pumps past $3.50-$4 and closes daily candles for a few days above. Then I would be looking to re enter a position. This will only happen if BTC reverses and breaks the $7100-$7300 area.
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