Current Drop Analysis:
$LINK / USDT in Target Zone: The price fell directly to the key support of $11.45 – $11.50 and is trading at $11.533. It left a wick of absorption at $11.457, indicating that buyers are reacting in that area.
Sell-Side Pressure on BTC: Bitcoin is trading at $78,106.71, trying to stabilize after losing the three moving averages (MA7, MA25, and MA99). Although the order book shows 99.51% buy-side demand in that price range, it requires consolidating above $78,200 to stop the 15m bleed.
Trading Plan:
Scalping Zone: LINK has already tested the projected floor ($11.45). To look for a quick scalping bounce, the ideal confirmation is a 15m candle close that holds the price above $11.50.
Short Target: A technical bounce would aim to test the MA(7) near $11.65 – $11.70.
Risk Management: Keep the Stop Loss tightly just below $11.42 in case BTC makes a second sweep toward $77,500.
$NVDAB $BTC
$LINK / USDT in Target Zone: The price fell directly to the key support of $11.45 – $11.50 and is trading at $11.533. It left a wick of absorption at $11.457, indicating that buyers are reacting in that area.
Sell-Side Pressure on BTC: Bitcoin is trading at $78,106.71, trying to stabilize after losing the three moving averages (MA7, MA25, and MA99). Although the order book shows 99.51% buy-side demand in that price range, it requires consolidating above $78,200 to stop the 15m bleed.
Trading Plan:
Scalping Zone: LINK has already tested the projected floor ($11.45). To look for a quick scalping bounce, the ideal confirmation is a 15m candle close that holds the price above $11.50.
Short Target: A technical bounce would aim to test the MA(7) near $11.65 – $11.70.
Risk Management: Keep the Stop Loss tightly just below $11.42 in case BTC makes a second sweep toward $77,500.
$NVDAB $BTC
