1. Current market situation
- Last price: 14.091 USDT (-0.66%).
- Mark price: 14.099 USDT (close to the last price, indicating no significant discrepancies).
- 24-hour range: 13.754 - 14.206 USDT. The current price is closer to the upper boundary of the range, which may indicate possible resistance.
2. Trading volumes
- Volume in 24 hours (LINK): 11.40 million.
- Volume in 24 hours (USDT): 159.63 million. High volume indicates market activity, which may contribute to volatility.
3. Technical indicators
- MACD:
- DIF: 0.253, DEA: 0.291, MACD: -0.038. A negative MACD value indicates a possible weakening of the upward trend or the beginning of a downward movement.
- RSI(6): 44.703. A value below 50 indicates weakness among buyers, but is not yet in the oversold zone (usually below 30). A correction or consolidation is possible.
- Price dynamics: The chart shows a decrease in price over the last periods (15m, 1h, 4h, 1d), confirming a short-term bearish sentiment.
4. Support and resistance levels
- Support: 13.754 USDT (minimum in 24 hours).
- Resistance: 14.206 USDT (maximum in 24 hours). The current price is close to this level, which may limit growth.
5. Trading plan
- Scenario 1 (Sell):
- If the price cannot overcome the resistance at 14.206 USDT and starts to decline, a short position can be considered with targets:
- First target: 13.900 USDT.
- Second target: 13.754 USDT (minimum in 24 hours).
- Stop-loss: 14.300 USDT (above resistance).
- Scenario 2 (Buy):
- If the price breaks through the resistance at 14.206 USDT with an increase in volume, a long position can be considered with targets:
- First target: 14.400 USDT.
- Second target: 14.600 USDT.
- Stop-loss: 14.000 USDT (below current price).
- Neutral scenario:
- If the price remains in the range of 13.754 - 14.206 USDT, one can refrain from trading or use an intraday trading strategy on bounces from the range boundaries.
6. Recommendations
- Consider macroeconomic factors and news related to the cryptocurrency market.
- Manage risks by using stop-losses and limiting position size.
- Keep an eye on indicator updates (MACD, RSI) for confirmation of signals.
Conclusion
To date, LINK/USDT shows weak dynamics with potential for decline. The trading plan should be flexible, focusing on key support and resistance levels. Short positions are preferred while the price remains below 14.206 USDT, but be ready for a reversal if the resistance is broken.
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