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【$LINK Signal】Pullback to add longs + 1H level funds support
$LINK The 1H level is supported by buying interest at the key support zone (8.70-8.75), with the price holding firm, open interest stable, indicating that the main force is protecting the price rather than panic selling. Although the 4H level is in a downward oscillation channel, the 1H has shown signs of stabilization and a halt in decline, with RSI approaching neutral, providing an opportunity for a short-term rebound.
🎯Direction: Long (Long)
⚡Entry/Order: 8.70 - 8.75
🛑Stop Loss: 8.55
🚀Target 1: 8.95
🚀Target 2: 9.15
🛡️Trading Management:
- Execution Strategy: When the price reaches 8.95, reduce position by 50% and move the stop loss to the entry average price. Hold the remaining position for the second target. If the price retraces to the lower boundary of the entry zone and breaks below, exit all positions.
(Depth Logic: Despite the price declining, open interest remains stable. Market logic suggests distinguishing between liquidation and distribution. Currently, buy order depth in the 8.74-8.75 range is unusually thick, forming a micro support. The 1H RSI at 49.47 is slightly below neutral, with room for a rebound. Combined with positive but not excessive funding rates, there is no over-leverage risk, making it suitable to bet on a technical rebound at the 1H level. )
View real-time quotes 👇 $LINK
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