📌 Chainlink: Whales sell, the market is nervous
A whale just "dumped" 938,489 $LINK worth over 21.46 million USD, pocketing a profit of about 212,000 USD. This move has sparked debate in the community: is this a sign of weakness or just a tidy profit-taking?
Currently, $LINK is holding around $24.34, lying between support at $21.96 and resistance at $26.66. On the chart, the cup and handle pattern remains valid, with the potential to pave the way to $30.86 if a breakout occurs successfully.
Additionally, open interest has increased to 1.65 billion USD (+6.72%), indicating that derivatives traders are preparing for a big explosion. As long as $LINK stays above the $22 mark, the bullish scenario still looks promising.
👉 When whales sell, sharks eat, small traders... just try to swim along 😆.
❌ This article is for informational purposes only and is not financial advice. If you go all-in after reading, I take no responsibility!