$LINK This move is still heading lower. Any rebound is weaker than the last, which shows the bid hasn’t really come back. Trying to bottom-fish like this is catching a falling knife—wait until it fully drops and then consider it.
Funding rate +0.0054%. Long/short are still fairly balanced; it’s not at an extreme.
Personally, I shorted lightly once on the rebound at 10.94. My stop loss was 11.28. I took profit when it was good.
Trading volume is 27.3M—this amount can support a move.
At this level, the risk/reward for bottom-fishing is pretty poor. I’d rather wait for a rebound to 10.94 and then short.
I’m watching the order book; if anything changes, I’ll report it right away.
To sum up: I’ve already written out the direction above. The rest is execution. Don’t go all-in at once—set your stop loss properly, and only what you bank is yours.
If you agree, hit like so more people can see.
#LINK
【Live Scan · $LINK 】(1-hour main trend + 4H filter)
4H trend: strong downtrend | 1H structure: not finished forming yet (keep waiting)
Long/short score: 9 points (short arrangement +3 | MACD still bearish +1 | below the zero line +1 | RSI stabilizing +1 | close to EMA20 +1 | top reversal +2)
Current price 10.81 RSI 32.05 Support 10.77 / Resistance 10.94
Conclusion: Short score is leading (pattern not fully confirmed yet) → bias to the downside; wait for a rebound to the resistance level before shorting
$LINK $BTC
Funding rate +0.0054%. Long/short are still fairly balanced; it’s not at an extreme.
Personally, I shorted lightly once on the rebound at 10.94. My stop loss was 11.28. I took profit when it was good.
Trading volume is 27.3M—this amount can support a move.
At this level, the risk/reward for bottom-fishing is pretty poor. I’d rather wait for a rebound to 10.94 and then short.
I’m watching the order book; if anything changes, I’ll report it right away.
To sum up: I’ve already written out the direction above. The rest is execution. Don’t go all-in at once—set your stop loss properly, and only what you bank is yours.
If you agree, hit like so more people can see.
#LINK
【Live Scan · $LINK 】(1-hour main trend + 4H filter)
4H trend: strong downtrend | 1H structure: not finished forming yet (keep waiting)
Long/short score: 9 points (short arrangement +3 | MACD still bearish +1 | below the zero line +1 | RSI stabilizing +1 | close to EMA20 +1 | top reversal +2)
Current price 10.81 RSI 32.05 Support 10.77 / Resistance 10.94
Conclusion: Short score is leading (pattern not fully confirmed yet) → bias to the downside; wait for a rebound to the resistance level before shorting
$LINK $BTC
