Chainlink (LINK): Possible Fake BoS (liquidity grab)
2024-11-26

Chainlink has made a good breakout from our yellowish zone, which indicated a possible upward movement, but we notice that we have formed a possible fake BoS with a liquidity grab, which means we are getting ready for a re-test of that broken zone and a possible break of it again!

We are waiting to see sellers take over that zone back, which would result in a movement below 100EMA (gray line) toward our 2 target zones (orange lines).

Swallow Team 