Sister Butterfly's Recommendation Today:
LINK
Recently, the DeFi sector has been performing well, and LINK can be a good entry point.
Reason for Recommendation:
K-Line Pattern:
A rising channel has recently formed on the 1-hour level, with 15.52 as a short-term resistance level and 15.13 as a key support level. After a long bullish candle appeared on June 10 at 19:00 (14.61→15.17), it entered a consolidation phase. On the daily level, a medium bullish candle (14.36→15.45) was formed after breaking the previous high of 14.4 on June 10. Currently, a double top formation is developing near 15.5.
Technical Indicators:
MACD: The 1-hour DIF (0.20) has crossed below the DEA (0.23), forming a death cross. The daily MACD histogram (0.25) remains positive but is continuously shrinking.
RSI: The 1-hour RSI (66.39) has exited the overbought zone but remains in a strong region, while the daily RSI (56.68) is in a neutral to bullish area.
EMA: The 1-hour EMA7 (15.32) has crossed above EMA30 (15.01), forming a golden cross, and the price remains above EMA120 (14.33).
Trading Volume:
On June 10 at 19:00, there was a surge in trading accompanied by a volume peak of 728287, while the current 1-hour volume (90552) has fallen back to average levels.
On the daily level, the trading volume on June 10 (4610247) doubled compared to the previous day (2139591), but the latest trading day's volume (750041) has significantly shrunk.
Buying Points: 15.0-15.2
