【$LINK Signal】Long - 1H pullback confirmation, main force clearly defending the market

$LINK The 1H timeframe has experienced a sharp rise yesterday and is currently in a healthy flag consolidation phase. The price is oscillating within the 9.15-9.30 range, and the pullback to the 1H EMA20 (9.12) does not break, indicating a strong correction. The 4H level has already broken through the previous consolidation platform, with a massive bullish candle establishing an uptrend. The current volume contraction on the pullback presents an excellent second-entry opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 9.18 - 9.22 (Reason: 1H EMA20 support zone resonates with the lower edge of the flag, strong buying interest )

🛑Stop Loss: 9.05 (Reason: Break below the flag’s lower edge and yesterday’s breakout low of 9.145, invalidating the bullish structure )

🚀Target 1: 9.60 (Reason: Previous high resistance level, also the first target on the 4H timeframe )

🚀Target 2: 9.90 (Reason: Based on yesterday’s price increase and the 1.382 Fibonacci extension level )

🛡️Trade Management:

- Position Size: Standard lot (Reason: 4H and 1H trends resonate, risk-reward ratio >2 )

- Execution Strategy: After the price reaches 9.60, reduce position by 50% and move stop loss to entry price 9.22. Hold the remaining position for higher targets; if the price pulls back to 9.22, exit all to lock in profits.

Deep Logic: Over the past 24 hours, the increase has exceeded 7%, but open interest (OI) remains stable, indicating this is not just a short squeeze but a continuous inflow of main capital. The 1H RSI (62) has retreated from overbought territory to a healthy zone, preparing for another upward move. Market depth shows buy orders (9.21-9.15) far exceed sell orders (9.23-9.30), with a significant depth imbalance (-8.85%), indicating strong support below and a clear intention of main force to defend the market. Coupled with a moderate positive funding rate (0.01%), the risk of a short squeeze is low. This is a typical healthy correction within a bullish trend.

View real-time market 👇 $LINK

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