$LINK #LINK
* LINK/USDT – 1H Frame
1. OVERVIEW ANALYSIS
The price is in a strong recovery phase from the bottom of 14.86, increasing nearly 7% in recent sessions.
Currently, the price has surpassed MA7 (15.63), MA25 (15.60), and MA99 (15.65) => a sign of short-term breakout.
2. TECHNICAL INDICATORS
A. MA (Moving Average)
The short-term MA lines are converging and being surpassed => A sign of reversal from downtrend to uptrend.
The price has now exceeded the resistance at MA99 => A clear short-term bullish signal.
B. MACD
MACD: 0.04 is in the positive zone, the DIF line (0.05) is above the DEA line (0.01) => strong upward signal.
The histogram is steadily increasing => momentum is strong.
C. RSI(6)
RSI is at 80.86 => overbought zone, warning of potential short-term correction.
However, being overbought in a strong uptrend is not a short signal, just a sign of caution.
D. Stochastic (KDJ)
K: 83.10, D: 67.58, J: 114.14 => also in the overbought zone, but J's strong increase indicates that upward momentum is still maintained.
3. TRADING SUGGESTIONS
A. SPOT TRADE
Entry: 15.80 – 15.95 (buy on breakout trend)
TP1: 16.20 (resistance near previous peak)
TP2: 16.60 (previous high)
SL: 15.50 (below MA99 + breakout candle)
> A safe strategy according to momentum, may wait for a slight correction towards the MA area before entering.
B. LONG – Priority
Entry: 15.85 – 15.95
TP1: 16.20
TP2: 16.60
SL: 15.48
> Can scale in according to levels if there is a slight correction to 15.70 – 15.75.
C. SHORT – Not recommended at present
Reason: Clear uptrend, can only consider shorting when there is a strong reversal candle + high selling volume + RSI divergence.