📉 Technical Analysis – LINK/USDT (1W)

✅️ Overall Trend

The macro trend remains bearish since the peak at $30.94, with a consistent structure of lower highs and lower lows.

Currently, the price is at $13.99, down -2.85%, respecting resistance from short-term EMAs.

📊 Moving Averages (EMAs)

• EMA 7 (14.86) is above the price → sign of weakness.

• EMA 25 (15.73) and EMA 99 (14.63) also act as dynamic resistance.

• EMA crossover indicates potential continuation of the corrective move.

📉 RSI (6) – 42.55

RSI is below 50, confirming a lack of buying strength.

Not yet in oversold territory, but approaching the 30–35 zone, where price often rebounds.

🔍 Key Support

• The $10.98 support zone is a key area where price reacted strongly in the past.

• It represents a previous low and a high-liquidity level → ideal for DCA or a first tactical buy.

📉 Volume

• Volume is trending lower → confirming weakening bullish momentum.

• This suggests potential for further downside before a meaningful reversal.

🎯 Suggested Action Plan

📌 Entry Zone:

• First strategic entry between $10.98 and $11.20, where an alert was previously set.

📌 Strategy:

💸 DCA (Dollar Cost Averaging): split entries between $11.20 and $10.50.

• Watch for RSI strength or reversal candles (hammer, bullish engulfing, etc).

• Confirm momentum by waiting for a weekly close above EMA 7.

📌 Initial Swing Target:

• Between $15.50 and $17.00, aligning with EMAs and prior pullback highs.

📌 Suggested Stop Loss:

• Below $9.80, if structure is clearly broken.

🟡 Conclusion

The $10.98 zone is technically sound for a first tactical entry, supported by historical price action. Despite ongoing weakness, this region offers a solid risk-reward setup for positional traders.

📌 Disclaimer:

This content is for educational purposes only and does not constitute investment advice. Always do your own research before making trading decisions.

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