๐ $LINK (LINKUSDT) โ ๐ด SHORT
๐ฐ Current price: 10.316 USDT (24h: -2.94% | Vol 24h: 20.38M USDT)
๐ฏ Entry (Entry zone): 10.316 - 10.357
โ TP1 (Take profit 1): 9.8518
โ TP2 (Take profit 2): 9.4804
๐ SL (Stop loss): 10.543
๐ Technical analysis: On the 4H timeframe, LINK is trading below the EMA7 at 10.341, indicating that short-term selling pressure remains dominant following a weak rebound. The RSI(14) is at 42, reflecting weakening momentum, with no clear reversal signal yet. The price is capped below nearby resistance at 10.830, while the 24h low of 10.102 is nearby support; 24h trading volume of around 20.38M USDT, alongside a negative change of 2.94%, reinforces the scenario of retesting the support zone before considering lower targets.
โ ๏ธ Disclaimer: This analysis is for reference only and does not constitute investment advice. Do your own research (DYOR) and manage your capital carefully before trading.
๐ฐ Current price: 10.316 USDT (24h: -2.94% | Vol 24h: 20.38M USDT)
๐ฏ Entry (Entry zone): 10.316 - 10.357
โ TP1 (Take profit 1): 9.8518
โ TP2 (Take profit 2): 9.4804
๐ SL (Stop loss): 10.543
๐ Technical analysis: On the 4H timeframe, LINK is trading below the EMA7 at 10.341, indicating that short-term selling pressure remains dominant following a weak rebound. The RSI(14) is at 42, reflecting weakening momentum, with no clear reversal signal yet. The price is capped below nearby resistance at 10.830, while the 24h low of 10.102 is nearby support; 24h trading volume of around 20.38M USDT, alongside a negative change of 2.94%, reinforces the scenario of retesting the support zone before considering lower targets.
โ ๏ธ Disclaimer: This analysis is for reference only and does not constitute investment advice. Do your own research (DYOR) and manage your capital carefully before trading.