LINKUSDT Analysis May 11, 2022

We are still Bearish on Chainlink, LINK. No reason for us to use any USD or BTC in a LINK trade right now. The ($11.15) Horizontal Support Area only held for about a week. The new support area around ($7.85) might be stable for a few days. Will we go lower to the ($4.60) range or bounce between these two trend lines for a bit...? Or will we eventually go even further down to the ($4.00) and ($3.00) area? Not Financial Advice...Trade with Confidence and Control.