📊 LINK/USDT — Candlestick Analysis and Trading Chart (August 11, 2025)
Candle behavior and whale activity:
Breakout from $15.43 (August 3) to $22.70 (August 10): Strong, consecutive green candles with large bodies and short upper shadows — a classic sign of whales gathering and then taking off.
Volume Confirmation: Significant increase in green trading volume starting August 6, peaking between August 9 and 10 → indicates institutional buying pressure.
Current Correction: The price corrected from $22.70 to around $21.81, with red candles but with less volume than the high — indicating a healthy correction and not a whale sell-off.
Average Support: The price is still well above the 25-day moving average ($20.69) and the 99-day moving average ($18.14), leaving room for buyers to return without breaking the trend.
Trading plan:
Bullish scenario: Consolidation between $21.50–$20.70 to target a retest of $22.50–$23.00.
Bearish scenario: If the price closes below $20.50 with a strong increase in red trading volume, a deeper decline towards $19.50 is expected.
Important Whale Signal: A large green candle above $22.30 with strong trading volume — often means the start of the next uptrend.
