Short Strategy Highlights: Bearish Feelings Below $16.50
Technically speaking, our LINK has been stubbornly rejected at highs near $16.80 and keeps making lower highs, like a temperamental mule. Volume’s been shrinking too, suggesting the bulls are losing steam. The whole shebang looks like a storm is brewing on the red zone of the chart, casting a bearish shadow over the scene.
The smart money is aiming at that $16.10 level, where it’s seen as a demand zone-kind of like a watering hole in a dry land-so if the sellers get feisty again, that’s where we might see the price mosey back to.
BraveNewCoin’s 24-Hour Look Shows a Downhill Slide
Daily Grind Shows Rest, Not Reversal
The PPO is suggestin’ the bullish strength is waning, while the RSI stands at 47.31, just shy of the “buy more now” zone. Keep an eye on that 45 level-crossin’ above might light a fire under the price, but till then, we’re all just waitin’ for that big breakout or breakdown, like folks on the edge of their seats at a county fair.
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2025-08-07 03:30