Time to Trade LINK or Get Caught Holding a Marine's Bag?

LINK's rally from $4 to $14 has been an incredible sight to behold. Many in the space are kicking themselves over not buying LINK when they had the chance.

The LINK Marines - the community behind LINK - are playing (and seemingly winning) a game of I told you so.

The recent drop from $14 to $12 today is a signal of a breakdown back to support.

I currently have 0 LINK, but I'm looking to enter a position starting at $8.50/LINK. That would be about a $4 drop (or 25%) from its current price.

The price of these highly speculative cryptos move insanely fast. The best approach - that I have found - is to set your bids early at your price targets and then wait for the fill.

At $8.50, I'll buy some of my first LINK.

The second buy order will be at $8 and the subsequent at $7.50 and then $7. If LINK continues to fall from there, then I'll look to add more into the position depending on where the new bottom ends up.

• Target Entry: $8.50 - $7
• Target Exit: $11-$14

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