The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.LINK’s Open Interest painted a slightly bearish picture over the last 24 hours.sellers induced a solid pulldown over the last week. Given the market-wide uncertainties, the bulls have been struggling to reclaim their edge.
In such circumstances, the buyers would look to test the $6.8 resistance followed by the 200 EMA. Any decline below the $5.8 support would hint at a selling signal by invalidating all bullish inclinations.
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