$LINK
Market Overview:
Current Price: $14.48
24h High/Low: $14.59 / $13.46
Price Trend: Recent sharp bullish move from $13.49 to $14.59, now entering consolidation
Volume: Slight decline in buying volume suggests possible short-term retracement
Indicators:
MACD: Histogram weakening, bearish crossover forming — indicates slowing momentum
RSI (6): At 56.55 — mid-range, not overbought, but previously peaked, showing cooling momentum
Candlestick Pattern: Small-bodied candles after a rally — possible short-term distribution
---
Trade Suggestion (Short-Term Swing):
Entry Point (Buy Limit Order): $14.20
Just below current consolidation, aligned with previous support zone and 0.236 Fibonacci level
Stop Loss: $13.95
Below previous minor support; invalidates current short-term uptrend if broken
Take Profit: $14.75
Slightly above recent high ($14.59), accounting for breakout potential and minor resistance
---
Reasoning:
Consolidation After Rally: Price is cooling off after a strong push, which often leads to a continuation if support holds.
Volume and Momentum: Falling volume and weakening MACD suggest a potential pullback entry before another move up.
RSI: Still neutral — room for another upward move without being overbought
