Hello everyone, I am Mig.
A brother asked me what is going on with LINK's trend? Can it rise to 14.94 or even 16.2? Or will it fall to 12.78 or even 11.5? Let's take a look at the chart together!
Today we won't waste words, let's get straight to the point!
First, let's break down the technical aspects:
MACD double line falls below the 0 axis + death cross: this is not an ordinary adjustment, but a clear signal of weakening momentum. The white line is below and the yellow line is above, indicating that the short-term trend is dominated by bears; even if there is a rebound, it is likely to be hit again.
Key level concentrated area:
Upper pressure: 14.94 (small pressure), 16.2 (strong pressure zone)
Support below: 12.78 (key defense), 11.5 (ultimate bottom)
Currently, it's sideways around 14, which is the 'suffocation zone' of long and short stalemate. Once a direction is chosen, the momentum won't be small.
Volume continues to shrink: without volume, there's no popularity; without popularity, it's hard to truly break through. Be careful of 'volumeless rebounds being deceptive'; once the buying is induced, the market can be crushed at any time.
So the question is: will it rise or fall next?
My view is very clear: as long as it hasn't stabilized above 14.94, treat all rises as rebounds first, don't chase easily!
If I were the main force, I would play like this:
Inducing buying: push up to around 14.9, making retail investors think it's a breakthrough, then short them when they follow in.
True drop: directly break below 12.78 with volume, and once panic selling occurs, head straight for 11.5.
So what should retail investors do? Remember Mig's three sentences:
For those with positions: if the rebound approaches 14.94, reduce positions! Don't be greedy.
For those with no positions: hold back, wait for the direction to be clear. Either break above 15 and stabilize, or fall below 12.5 and stabilize before considering.
For short-term traders: only do right-side trades, don't guess the bottom or try to catch the bottom.
Mig is also keeping an eye on it, but I haven't taken action yet. Why? Because I know that the market doesn't complete in one day; holding back often earns more than making random moves.
If you don't know the specific entry timing and exit points, as well as the fans holding positions, you can follow Mig. Mig will announce the daily coins and entry points as well as exit timings in the chat room!!
