🦅 $LINK deeply oversold on the hourly capitulation complete?
Chainlink has taken a heavy short-term flush down to the $7.50 area, sweeping previous lows.
However, the selling pressure is completely exhausting itself as the price stabilizes with tight consolidation.
When $LINK gets this stretched to the downside, the resulting short squeeze relief bounce is usually aggressive.
Watching for a fast move back up to $7.90+. 📈
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