Short term outlook for Chainlink. A symmetrical wedge has formed giving a mixed signal on a breakout direction. However considering LINK reached a new ATH in mid-July, the price seems overdue for a pullback if there is no pullback.
Setting up a stop loss on my current position here for these possible fib based retracement levels if price moves to the downside adding onto this position for the longterm. I'd wait for any confirmation and not trade this aggressively since there are mixed signals.
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edit *the price seems overdue for a pullback if there is no break out upwards.