According to yesterday's K-line trend and today's early performance, LINK price is currently around $23.55, overall in a corrective phase. The price rebounded and touched the MA(30) moving average yesterday before falling back, indicating clear upper pressure, but the support strength below has not completely weakened.

Today's Technical Analysis:

  1. Moving Average System (MA):

    • MA(7) fast moving average is flat, indicating fierce short-term competition between bulls and bears;

    • The MA(30) moving average forms short-term support near 22.98;

    • The MA(100) moving average is at 22.71, still in a bearish arrangement, but the trend is slightly narrowing.

  2. Bollinger Bands (BOLL):

    • The current middle track of the Bollinger Bands is around 23.20, with prices fluctuating slightly above the middle track;

    • Upper track resistance at 24.50, lower track support at 22.20;

    • The narrowing of the Bollinger Bands indicates a higher possibility of short-term volatility.

  3. MACD Indicator:

    • The 1-hour MACD histogram shows green bars increasing, with the DIF and DEA lines close to the zero axis, indicating short-term bearish strength is dominant;

    • The 4-hour chart shows MACD gradually decreasing in volume below the zero axis, with a trend toward forming a golden cross.

  4. KDJ Indicator:

    • The K and D values of the KDJ indicator are close to the 80 area, indicating significant pullback pressure after a short-term overbought condition.

  5. Trading Volume:

    • Yesterday's rebound volume was relatively sufficient, but today's early trading volume has decreased, indicating a strong market wait-and-see sentiment.

Today's Operation Suggestion:

Combining the above technical analysis, LINK is likely to continue a volatile downward trend in the short term, leaning towards light short positions, while paying attention to key support ranges below, and also guarding against the possibility of price breaking upward.

  1. Short Position Strategy:

    • Entry Range: 23.90 - 24.20

    • First Take Profit Level: 23.00

    • Second Take Profit Level: 22.50

    • Stop Loss Level: 24.60

    Logic: After rebounding to MA(30) yesterday, it faced pressure and fell back. Today's upper resistance remains evident, and the price is likely to test the lower support range in the short term.

  2. Long Position Strategy (Cautiously Execute):

    • Entry Range: 22.50 - 22.80

    • First Take Profit Level: 23.50

    • Second Take Profit Level: 24.00

    • Stop Loss Level: 22.20

    Logic: The MA(100) moving average and the lower Bollinger Band resonate as support below. If the price pulls back to this area and stabilizes, a low-position long setup can be attempted.

LINK's intraday trend is full of uncertainty, but in conjunction with technical indicators and current market sentiment, operations should remain flexible. Investors are advised to adjust positions flexibly based on key points, strictly set take profit and stop loss levels, and avoid chasing highs and cutting losses.

Don't be blinded by short-term fluctuations. Brother Tang teaches you to lock in targets, proceed step by step, and witness wealth explosion with a smile! Follow Brother Tang, and he will take you from confusion to freedom!
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