Short

Bull Trap

Aggiornato

We saw a great run up from $0.20 but now everyone and their mom is balls deep in ChainL ink and thinking that's it's guaranteed to go to ten dollars. We just aren't seeing enough buyers coming in to make that happen, and with the crypto markets somewhat stagnant the ChainL ink bubble is primed to pop. Get out while you can folks.

Nota

Didn't include a target on this. Over the next few months I think we see a full retrace back below 10k sats

Nota

ChainL ink has held up more than I thought it would. I'm still a buyer when it gets back to 10k sats. It is probable that CL owners will sell for altcoins that have more upside potential if and when an "alt season" starts. The CL market is saturated with zero or very few new buyers coming in

CryptoCope

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