Today's technical analysis and forecast

  1. Yesterday's review:

    • From the chart observation, LINK showed a generally weak fluctuation trend yesterday, with the price fluctuating around 22.00 without effectively breaking through the key pressure range.

    • EMA (7, 30, 100) moving averages show a bearish arrangement, indicating that the price is still under downward pressure in the short term.

    • The MACD indicator remains low, with momentum bars not significantly expanding, reflecting that bearish strength still dominates, but downward momentum is weakening.

  1. Current K-line pattern:

    • The 1-hour chart shows that the short-term support level is around 22.00, while the upper pressure is concentrated in the range of 22.60-23.00.

    • From the 4-hour chart, the price has tested the lower support of 22.00 multiple times, and if it breaks down, it may further test the 21.50 area.

    • The daily chart shows that bulls are trying to rebound, but the trading volume is insufficient, making the short-term direction unclear.

  2. Bollinger Band analysis:

    • The 1-hour Bollinger Bands show signs of contraction, indicating that the current market is entering a narrow fluctuation, and attention should be paid to the breakout direction of the upper and lower bands.

    • The upper band pressure level is at 22.60, and the lower band support level is at 21.90. The price may fluctuate within this range in the short term.

  3. Key levels:

    • Support levels: 21.90 (first support level), 21.50 (second support level).

    • Resistance levels: 23.00 (first resistance level), 24.50 (second resistance level).

Today's operational suggestions

Short position strategy:

  1. Entry range: 23.40-23.60 (if the price rebounds to this resistance range, it is suitable for light short position layout).

  2. Target levels: 21.90 (first take profit level), 21.50 (second take profit level).

  3. Stop-loss level: 24.00.

  4. Analysis basis: short-term moving averages and Bollinger Band upper band pressure overlap, with insufficient upward momentum, suitable for high short layout.

Long position strategy:

  1. Entry range: 21.50-21.70 (if the price dips to this support area and shows stabilization signals, it can be lightly long).

  2. Target levels: 23.20 (first take profit level), 24.00 (second take profit level).

  3. Stop-loss level: 21.30 (to prevent further losses from breaking down).

  4. Analysis basis: 21.50 is an important recent support level; if it stabilizes effectively, bulls may exert strength to rebound.

Summary and explanation

  • Today, the LINK market is still in a weak fluctuation pattern dominated by bears, but the downward momentum is weakening, indicating a demand for rebound.

  • It is recommended to focus on a 'high short and low long' strategy, avoiding heavy trading.

  • Core strategy: short at resistance ranges, long at support ranges, pay attention to strict stop-loss to guard against false breakout risks.

Don't be blinded by short-term fluctuations; Brother Tang teaches you to lock in targets, take steady steps, and witness wealth explosion with a smile! Follow Brother Tang, and take you from confusion to freedom!
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