$LINK Bottom Accumulation Best for Regular Investment Hold Steady and Wait to Take Off
I. Overall Trend Judgment (Core)
Current Status: The price is currently operating around $13.76, in the stage of volatile repair after a sharp decline. Although it has not yet exited a bull market pattern, the bottom is continuously rising, and market sentiment has recovered from panic.
The mid-term bottom of LINK has been established. The spike at $8.00 is very likely the absolute bottom of this cycle. Currently in the “Bottom Accumulation” phase, as long as it does not drop back to $11.00, the trend is bullish.
II. Key Levels
Resistance Levels (Selling Pressure Zone):
Short Resistance: $16.00 - $17.00. This has been a support level validated multiple times in the past (top-bottom reversal) and is the first target for recent rebounds.
Strong Resistance: $20.00 - $22.00. Double top area. A large amount of long-term capital is trapped here, which will be the ultimate challenge in the future.
Support Levels (Defense Zone):
Lifeline: $12.50 - $13.00. The lower edge of the current consolidation platform. The main bullish forces are building a defense line here.
Extreme Bottom: $10.00 - $11.00. If a pullback occurs again, this is an excellent “golden pit.” As for $8.00, it is very unlikely to be seen again.
III. Trading Volume Signals
Signal: Huge Volume at the Bottom.
The trading volume on the day of the spike was an extremely rare historic volume.
Interpretation: Institutions are entering. Retail investors are panic selling, while the main institutions have completed a whale-like accumulation in the $8.00 - $10.00 range. This volume structure usually indicates the start of a mid to long-term trend.
IV. Trading Strategy
For Holders: Hold Steady! After experiencing this level of market washout without exiting, it is now the eve of dawn. It is recommended to hold firmly, with a target looking back above $18.00.
For Non-holders: Build positions in batches.
Strategy: LINK, as the leading oracle, has strong fundamentals.
Buy: Boldly accumulate in the $13.00 - $13.80 range.
Stop Loss: Set at $11.50, with a very favorable risk-reward ratio.
V. Summary
LINK has completed the most brutal washout, $8.00 is the iron bottom, and $16.00 is the starting line. Surviving great difficulties will surely lead to future blessings!