[LINK] - Red price, red sentiment, but the structure is still... green
The market is on fire - just an excuse for LINK to retest support.
LINK has dropped more than BTC/ETH today, but:
• Still holding above the key support zone
• Selling volume is lower than buying volume yesterday
• RSI has not entered the oversold zone
Volume decreases as price decreases: Indicates that selling pressure is not too aggressive.
=> Possible scenario: shakeout then rebound.
As long as it holds, LINK is still a coin worth watching to buy.
(Don't forget: the more painful the shakeout, the higher it can fly.)