LINK High Position Retracement, Short-term Faces Key Choice!
Market Analysis:
LINK has shown some fatigue after a recent surge, with a slight price retracement. It is currently above the 7-day moving average, but market buying momentum has weakened slightly. Whether the retracement has ended needs to be observed at the support levels.
Support and Resistance Levels:
• Support Levels: 28.14, 27.50, 26.00
• Resistance Levels: 29.20, 30.10, 30.90
Short-term Trading Strategy:
Long Strategy:
• Entry Point: 28.14
• Add Position Point: 27.50
• Stop Loss Point: 25.80
• Take Profit Targets: 29.20, 30.10, 30.90
Short Strategy:
• Entry Point: 29.20
• Add Position Point: 30.10
• Stop Loss Point: 31.20
• Take Profit Targets: 28.50, 27.50, 26.00
My Prediction:
The current long-short battle for LINK is intense, with further downside risk in the short term. It is recommended to short at high positions and wait for a retracement low before entering.
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