Attention, traders! 🚨 $LINK /USDT is showing a slight pullback today with a -1.80%, trading at $13.66. It's time to analyze what's happening!
In the 15-minute chart, LINK has been consolidating in the $13.60-$14.00 range, with a recent peak at $14.13. Currently, it is below the MA(7) at $13.71 and the MA(25) at $13.72, indicating that there is short-term bearish pressure. The volume appears to be decreasing slightly, suggesting a lack of conviction in the current movement.
The money flow analysis shows us a warning sign: the last 5 days of significant money inflows have a net negative of -175,027.80. The money inflows in 24 hours are also in negative territory, with a recent drop of -16,325.56. This suggests that the "heavyweights" are pulling back capital, which is a cautionary signal.
Regarding the order distribution, sales significantly outnumber purchases: 164,600.66 in sales versus 93,951.10 in purchases. In particular, large and medium sell orders are much higher than buy orders. This, combined with the money flow, indicates significant selling pressure in the market. We cannot rule out the possibility of slight manipulation or, at least, a clear intention to push the price down.
My reading is that LINK/USDT is under pressure. If it does not manage to recover the $13.70-$13.80 range quickly, we could see a deeper pullback, looking for support at lower levels. The $13.50 could be a key point to watch. Patience will be crucial here, and traders should manage their risk very carefully. Now is not the time for mindless HODLing!
