🧠 Trend overview:
At the time of updating, LINK is trading around 13.04 USD, amid strong adjustment pressure in the cryptocurrency market following BTC's overall trend. On the Daily frame chart, LINK is maintaining below long-term moving averages like MA100 and MA200 – a clear signal for the prevailing downtrend. Most technical indicators like RSI (≈35) and MACD are signaling 'strong sell', confirming that the current recovery is only technical and not enough to establish a trend reversal.
Notably, the Head & Shoulders pattern appears on the larger timeframe chart with the neckline around 16.50 USD. If this area is completely broken, LINK risks dropping significantly to the 10.00–11.00 USD range in the medium term.
🔍 Multi-timeframe analysis:
• 4-hour frame: LINK is fluctuating in a slightly downward sideways range, with strong support at 15.20–15.30 USD and near resistance at 15.80–16.00 USD. Both RSI and MACD do not support a strong rebound trend. The recent bounce at the bottom of 15.20 did not have confirming volume, thus LINK is likely to continue testing this support area once again.
• 1-hour frame: The chart shows a short-term down channel, with weak and unsustainable bounces. If LINK cannot break the 15.80 USD range, selling pressure will continue to push the price back to the 15.20 bottom, or even lower.
• 15-minute frame: No clear reversal signals yet, volume remains low. Any Long positions opened now carry high risk and require stronger confirmation signals.
🎯 Proposed trading strategy:
✅ Spot trading (prioritize safe accumulation):
Currently, do not buy in right away as the trend is still down. Should only start accumulating gradually when LINK returns to the 15.20–15.30 USD range, which is a strong short-term support area. If the market (especially BTC) worsens and breaks below the 104,000 USD mark, the accumulation range needs to be lowered to 13.00–14.00 USD – this is a deep support area that may allow for more effective medium-term accumulation.
✅ Futures trading – prioritize Short:
Short strategy will be more effective at this time. If LINK has a rebound towards the 15.80–16.00 USD range (upper resistance), a Short position can be opened here. The stop loss should be set at the 16.20 USD level (above MA50 on the 4h frame), with a profit target around 15.24–15.30 USD. If this support level is broken, the price may continue to drop to the 13.50–14.00 USD area.
⚠️ Futures trading – Long (high risk):
Do not recommend opening Long unless there are strong breakout signs above the 15.80 USD range, along with high volume and confirmation on a larger timeframe. In that case, consider entering a Long position around 15.90 USD, setting a stop loss below 15.50 USD and a profit target around 16.50 USD or further if the recovery is good.
⚠️ Important note:
• BTC continues to be the leading factor. If BTC breaks below the 104,000 USD level, all altcoins will face strong selling pressure, and LINK may break significantly below current supports.
• Trading strategy must be disciplined, always set SL to avoid risks from unexpected market fluctuations.
• Should not FOMO into any Long position unless there is a real breakout confirmation.
• Prioritize in order: Short futures if rebound -> accumulate Spot at low prices -> Long only if breakout + strong volume.