#LINK
LINK Strategy Analysis 📊
Current Price: $23.95, 24-hour drop of 2.50%, 7-day drop of 6.86% 📉
Technical Analysis 🔍
RSI(14): 46.27, in neutral zone
Price is below all EMA moving averages, short-term trend is weak
Super Trend indicator shows bullish signal, support at $23.42
Bollinger Band middle line at $24.13 forms resistance
Key News 📰
Bitwise submits Chainlink ETF application to SEC, institutional recognition increases 🚀
Whales sold $30.08 million LINK to Coinbase on August 26, causing selling pressure
Trading Strategy 💡
Long Strategy:
Entry: $23.60-23.80 range
Stop Loss: $23.20
Target: $24.40, $25.20
Risk Warning: Currently in a downtrend, suggest light position trading, waiting for ETF news catalyst or technical stabilization signal ⚠️
Overall cautiously optimistic, medium to long-term outlook for ETF expectations 📈
