LINK analysis:

LINK gave a fakeout above the resistance of the $8.20 level and instantly dumped hard. Price is now trading below the resistance level of the $8.00-$8.20 area and we may see a test of this zone before the next move. Wait and watch how the price reacts on the resistance level. The next support is $7.00-$7.15 area and possible zone for new entries.

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