$LINK is weakly consolidating below EMA20, at the daily level it is in a downward channel, but there are signs of buying absorption at the 4H level.
🎯 Direction: Flat
Market Analysis: The price (8.403) is below EMA20 (8.5131) and EMA50 (8.9018), indicating an overall bearish trend. RSI (42.55) is in a neutral to weak area, with no oversold signals. The 4H candlestick shows a long lower shadow in the 8.122-8.137 area, accompanied by stable buying volume (~0.5), indicating some demand in that area.
Core Logic: The key conflict is that both long and short momentum are unclear. Bearish Logic: The price is below the major EMAs, the daily trend is downward, and deep imbalance (-7.54%) shows slight selling pressure. Bullish Logic: Open interest is stable, funding rate is slightly positive (0.0078%), no signs of major players closing long positions, and buying absorption is observed near 8.12.
Currently lacking high win-rate trading structures. Long trades need to wait for the price to reclaim EMA20 (8.513) with a confirming increase in open interest; short trades require a rebound to the EMA20/50 resonance zone (8.51-8.90) with signals such as a positive funding rate and RSI divergence. Currently in a chaotic zone, risk control is priority, flat and watchful.
Trade here 👇$LINK
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