1. Price: Currently at 23.174, very close to 24h low (23.125) → showing weakness.
2. Bollinger Bands (BB):
Price is trading near lower band (23.082).
Middle band (23.447) is acting as short-term resistance.
This indicates downtrend pressure, but since it’s hugging the lower band, a small bounce may also come.
3. RSI (6):
Value = 17.9 → Deeply oversold (<30 = oversold).
This usually suggests potential bounce/reversal is near.
4. MACD:
MACD = -0.025, Signal = -0.108, Histogram negative.
Bearish momentum is still there, but the histogram is trying to flatten → selling pressure may be slowing down.
5. Volume:
Slightly increasing on the red candles → confirms bears still active.
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📉 Bearish Signs
Price rejected strongly from 23.955 resistance.
Lower highs forming.
Still below MA and mid-Bollinger (trend bias down).
📈 Bullish Signs
RSI extremely oversold → bounce is possible.
Price hugging lower BB often brings short-term retracement.
⚡ Strategy Suggestion
Scalping Long (risky): You can take a small long entry around 23.10 – 23.20 with a tight stop-loss at 22.90, targeting 23.40 – 23.50 (short bounce play).
Safer Trade: Wait for a candle close above 23.45 (BB mid + resistance) before entering long for a move towards 23.80 – 23.95.
If Downtrend Continues: Breakdown below 23.10 → next support 22.64.
✅ Summary: Right now, LINK is oversold and sitting on support → a short bounce is likely. But the overall trend bias is still bearish unless it reclaims 23.45+ with volume. #ListedCompaniesAltcoinTreasury #TrumpFamilyCrypto $LINK
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RSI (6): 47.68 (Neutral zone — neither oversold nor overbought)
Trend: Strong upward movement followed by sharp correction
🧠 Interpretation:
1. Recent Pump and Dump: TRB had a rapid price spike up to $67.86 and then sharply dropped to current levels around $41 — a typical pump and dump structure.
2. Support Levels:
$38.32 (Near-term support)
$27.66 (Strong support zone from April)
3. Resistance Levels:
$48.97
$59.63
🛒 Order Book Insight:
Slight selling pressure (52.01% sell vs 47.99% buy)
Closely matched bid/ask spread, indicating possible short-term consolidation
🧾 Conclusion:
Not a good entry for long unless it holds above $38.32.
For short-term trading, watch for bounce patterns near $38 or breakdowns below that level.
RSI and recent volatility suggest waiting for a clearer trend or confirmation before entering. #TRB $TRB