#DayTradingStrategy
Currency $LINK
Trading volume USDT: approximately $78.6 million
Trading volume $LINK : approximately 5.08 million currencies
1. Technical Indicators:
RSI (Relative Strength Index): 82.09
🔴 Very high indicator and suggests that the currency is in an overbought zone, which means a possibility of a correction or decline soon.
Moving Averages (MA):
MA(5): higher than MA(10), which is a positive signal in the short term.
Indicates an upward trend currently but requires caution due to overbought conditions.
2. Price and Volatility:
The price rose from the low ($10.10) to $15.26 currently.
The previous near resistance was at $17.98 (could be a future target).
The nearest support is around $13, and breaking it could indicate a wider decline.
3. Candles and Movements:
The last candle is green and strong, indicating strong buying momentum, but its presence in resistance areas may mean the end of the upward wave is near.
✅ Positives:
Clear upward momentum.
Strong price movement breaking through previous resistances.
Large trading volume and high activity.
⚠️ Negatives and Warnings:
RSI is very high = a significant chance of a correction soon.
Proximity of price to a strong technical resistance (approximately $17.9).
Buying now may be slightly late for those who haven't entered yet.
💡 Investment Opinion (not direct financial advice):
If you own the currency, it’s better to monitor the price and set a trailing stop loss. Consider thinking about taking partial profits.
If you are considering buying: wait for a correction towards levels $13.5 - $14 to enter.