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#GateSquareAprilPostingChallenge $LINK LINKUSDT8.67Perp-3.95% The current price is around 8.650 USDT. Do you think it's time to continue pushing up, or is it about time to pull back a bit?
If I have to give a conclusion, I would lean towards: pull back first and then find direction.
This is my main viewpoint:
First, the market shows signs of stagnation, and continuing to chase is not cost-effective.
Second, the active buying is not strong enough, and there's still a lack of momentum for an upward breakthrough.
To add, if $BTC BTCUSDT68,355.4Perp-1.5% is not strong, altcoins have the space for a waterfall effect; if BTC shows a strong trend on the 15m/1H chart, just give up on shorting.
A more comfortable entry point: 8.719 USDT
Keep an eye on this take-profit level: 8.200 USDT
The level to exit if it's wrong: 8.927 USDT
But at this level, the biggest concern is a sharp drop followed by an immediate rebound.