【$LINK Signal】Hold Cash and Watch - Trend Slightly Bearish but Lacking Clear Momentum

$LINK is consolidating weakly below EMA20, with the daily chart in a downward channel, but there are signs of buying absorption on the 4H timeframe.

🎯 Direction: Hold Cash

Market Analysis: Price (8.403) is below EMA20 (8.5131) and EMA50 (8.9018), indicating a generally bearish trend. RSI (42.55) is in a neutral to weak zone with no oversold signals. The 4H candlestick shows long lower shadows in the 8.122-8.137 range, accompanied by stable buying volume (~0.5), suggesting some demand in this area.

Core Logic: The key contradiction is that both bullish and bearish momentum are unclear. Bearish logic: Price below major EMAs, daily trend downward, with a deep imbalance (-7.54%) indicating slight selling pressure. Bullish logic: Open interest remains stable, funding rate slightly positive (0.0078%), with no signs of major long liquidation, and buying absorption near 8.12.

Currently, there is no high-probability trading setup. To go long, wait for the price to re-break above EMA20 (8.513) with confirmation from increasing open interest; to go short, wait for a rebound to the EMA20/50 resonance zone (8.51-8.90) with signals like funding rate turning positive and RSI divergence. At present, the market is in a chaotic zone—risk management first, hold cash and watch.

Trade here 👇 $LINK
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