$LINK Timely Layout Waiting for the Flowers to Bloom
🔥 1. Overall Trend Judgment (Core)
Key Features: LINK has been fluctuating within a wide range of $13.00 - $17.00 for the past few months. Recently, the price has successfully broken through the long-term resistance line and has performed effective consolidation above $18.00. This trend indicates that the main funds have thoroughly accumulated at low levels, and the bulls are gradually gaining control. The current trend is more inclined towards a stable upward structure of “two advances and one retreat.”
The medium-term trend is positive. Although there is a demand for short-term adjustments, the large-scale bottom has already risen, and each pullback serves as a “refueling station” for the bulls.
📌 2. Key Levels
Resistance Level (Selling Pressure Area):
Short Resistance: $20.00. A psychological integer level, also the high point of the previous rebound. The first touch here is likely to encounter selling pressure.
Strong Resistance: $22.00 - $23.00. This is a strong resistance area at the weekly level and acts as the “gateway” to higher ranges. Breaking through here will open the main upward wave.
Support Level (Defensive Area):
Lifeline: $17.50 - $18.00. This is the top of the box that has just broken through (top and bottom switch). The bulls must hold this position to confirm the validity of the breakout.
Extreme Bottom: $15.00 - $16.00. If $17.50 is lost, the price may pull back to this central area.
📈 3. Trading Volume Signal
Signal: Moderate Increase.
The breakout of key resistance levels was accompanied by an increase in trading volume, while the volume shrank during pullbacks. This is a healthy price-volume relationship, indicating good chip locking.
🎯 4. Trading Strategy
For Holders: Hold on! As long as it does not break $17.50, hold firmly. The target is $22.00.
For Non-Holders: Wait for a Pullback. The best buying point is around $18.00 - $18.50, with a stop loss set at $17.00. Do not chase highs; patiently wait for low-buying opportunities.
🧨 5. Summary
LINK is brewing a major trend, $18.00 is the starting line, and $22.00 is the sprint point. Buy on dips and wait for the flowers to bloom!