Yesterday's Market Review

Judging from yesterday's K-line trend, LINK showed an overall volatile downward trend, but the price formed a short-term support near 19.80. Combined with the moving average system analysis:

  1. MA7 (7-day moving average) and MA30 (30-day moving average) continue to diverge downward, indicating that the market is still bearish in the short term.

  2. MA100 (100-day moving average) is much higher than the current price, indicating that the overall short pressure is strong.

Yesterday, the price tested the 19.80 support level several times but failed to break through it. However, the rebound was weak, indicating that the buying power of the market is limited. Today, the price may continue to fluctuate weakly or further decline.

Today's Key Point Analysis

  1. Support level:

    • First support level: 19.50 (short-term key defense position)

    • Second support level: 19.20 (if this level is broken, it may further test towards 18.80)

  2. Resistance level:

    • First resistance level: 20.50 (short-term pressure level)

    • Second resistance level: 21.00 (MA30 moving average suppression area, important boundary line between bulls and bears)

Technical Indicator Analysis

  1. Bollinger Bands:
    The current K-line is running near the lower band of the Bollinger Bands, indicating a short-term need for a rebound, but the overall trend remains weak. The middle band of the Bollinger Bands is at20.50, if the rebound cannot break through this level, the bears will continue to dominate.

  2. MACD:
    The dual lines are running below the zero axis, and the bearish energy bars are gradually decreasing, indicating a potential weak rebound in the short term.

  3. RSI:
    The indicator is in the30-40range, showing that the current market is in an oversold state, but it has not yet reached a strong rebound point.

Today's Operation Suggestions

  1. Long strategy:

    • Entry point: 19.80-20.02 (layout long positions near the support level on pullbacks).

    • Take profit level: 20.50 (first take profit), 20.80 (second take profit).

    • Stop loss level: 19.45.

Considering yesterday's trend and technical indicators, LINK is likely to maintain a weak oscillation pattern today, with the main operating range being 19.50-20.50. If it can break through 20.50, the rebound space is expected to open up to 21.00; conversely, if it falls below 19.50, further bottom-testing risks need to be monitored.

Short-term operation suggestions should focus on shorting on rebounds, controlling positions and strictly setting stop losses. In oscillating markets, avoid chasing highs or panic selling, and patiently wait for key points to enter.

Insights into market rhythm are the beginning of wealth control! Follow Lao Tan closely, layout in advance, and let the next peak belong to your account! Pay attention to Lao Tan, and never let opportunities slip away!
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