LINK/USDT 1H: Oversold & Accumulating – Ready for a Reversal?
LINK/USDT 1H Chart Analysis
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Current Market Structure:
Smart Money Activity:
Key Levels:
Risk Score:
Market Maker Intent:
Recommendation:
Confidence Level:
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Current Market Structure:
- Bearish momentum continues after a recent breakdown.
- RSI at 28.70, showing oversold conditions.
- Hidden Bullish Divergence forming between RSI and price action.
Smart Money Activity:
- Market Makers engineered a liquidity sweep below $20.50.
- Accumulation likely occurring at the discount zone.
- Premium zone identified between $25.50-$26.00.
Key Levels:
- Entry Zone: $20.50 - $20.80 (discount zone).
- Targets:
- T1: $22.30 (FVG fill).
- T2: $23.50 (Equilibrium zone).
- Stop Loss: Below $19.80 (to protect downside risk).
Risk Score:
- 8/10 (High volatility – strong R:R setup).
Market Maker Intent:
- Likely accumulating at current levels before the next leg up.
- Liquidity grab appears complete, suggesting a potential reversal.
- No short entries recommended due to oversold conditions.
Recommendation:
- Long positions are favorable within the $20.50 - $20.80 range.
- Wait for reversal confirmation before entering.
- Monitor volume and price action near $22.30 resistance for breakout strength.
Confidence Level:
- 7/10 for potential bullish reversal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.