Today's Technical Analysis

1. Current Price Level

  • Current price is approximately 22.123, positioned between MA(7) and MA(30) moving averages.

  • MA(7): Short-term moving average, currently around 22.18, with a slight downward trend.

  • MA(30): Medium-term moving average, currently around 21.12, showing a slow upward trend.

2. Review of Yesterday's Trend

  • LINK encountered resistance and retreated after reaching a short-term high of 22.894 yesterday, forming an adjustment.

  • The intraday volatile range is quite clear, fluctuating repeatedly within the range of 21.80-22.50.

  • The candlestick pattern shows that bullish momentum has weakened, but the upward trend has not completely been lost.

3. Technical Indicators

  • Bollinger Bands: The price is currently close to the middle band, with resistance at the upper middle band around 22.50 and support at around 21.80.

  • MACD: A death cross has appeared on the 4-hour level, but the 1-hour level is close to convergence, indicating that a short-term rebound is still possible.

  • RSI: Short-term has retreated to the neutral zone (around 50), with no obvious overbought or oversold signals.

  • Moving Average System: The short-term moving average (MA7) and medium-term moving average (MA30) show a downward crossing trend, indicating strong short-term adjustment pressure.

Today's Forecast and Operational Suggestions

Forecast Trend

  • It is expected that LINK will continue a volatile pullback trend in the short term, with the main operating range likely between 21.80-22.50.

  • If the bulls cannot hold above 22.20, there may be further declines towards the support near 21.80.

Operational Strategy

Short Selling Strategy

  • Opening Position: If the price rebounds to the 22.40-22.50 area, consider shorting.

  • Take-Profit Targets: First take-profit level 22.00, second take-profit level 21.80.

  • Stop Loss Settings: Stop loss point 22.70, strictly control risk.

The current LINK trend shows a volatile consolidation, short-term constrained by resistance at 22.50 and support at 21.80. Technical indicators show a weak short-term bias, but the support below is strong. It is recommended to adopt a buy low sell high strategy during the day, strictly implementing stop-loss and take-profit operations to avoid significant volatility risks.

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