$LINK #LINK ↗️ 🟩 X2-X3 #bullish setup #LONG 🚀 #PUMP ▶️ more strategies on @INVESTIDEAUA
📊 ON graph 1w. ↗️🟩 FORMATION ▶️ Breakdown of the LONG structure, growth to $27.845 📉 Correction is POSSIBLE 📊 ON the 12h chart ↘️ 🟥 17.1 – 12.605 $
🤔 Rationale:
🔥 Elimination heat map:
▶️Magnetic Zone: A concentration of liquidation levels in a certain price range can indicate that price is likely to move towards that zone.
▶️Support/Resistance Zone: In high liquidation zones, large traders or “whales” can quickly execute trades at favorable prices. Once they enter or exit orders within this liquidity, the price can reverse.
🔸Total number of coins on the exchange. As reserve values continue to rise, this indicates increasing selling pressure and generally shows a contrary price trend.
🔸Net deposits on exchanges are low compared to the 7-day average. Smaller deposits can be interpreted as lower selling pressure.
🔸Trade Volumes: Down -98.69% from 7-day high to approximately $686,228.55. Observations show that significant increases in LINK prices correlate with sharp declines in trading volume, suggesting a potential decoupling of price momentum from trading activity or a consolidation phase following the peak of trader interest.
🔸 Capital Flows: Increased from -310,066.76 LINK in the last 7 days to -30,773.92 LINK, indicating an uptrend. The 279,292.84 unit decline in negative equity flow for LINK appears to correlate with the 18.21% price increase over the same period, suggesting that as selling pressure eased, the price found support to move up.
📈Technical characteristics:
🔸 RSI, a neutral trend, suggests that the market is in equilibrium, however, this contrasts with the downward trend in prices, hinting at underlying bearish pressure that may not yet be fully reflected in the RSI indicator.
