【$LINK Signal】Pullback to Long + Confirmation of 1H Support Level, Clear Signs of Main Force Protecting the Market

The 1H level is oscillating above a critical support zone (EMA20_1H ~ 9.10), refusing to move lower. Although the 4H level is in a downtrend channel, open interest (OI) remains stable, with no signs of panic selling. Combined with the depth advantage (bid_ask_ratio_depth: 1.09), it’s evident that the main force is defending the market. The 1H RSI (51.70) has rebounded from lows, with the price testing the 9.00 round number multiple times, forming a mini double bottom pattern, indicating a short-term rebound is imminent.

🎯Direction: Long $LINK Long(

🎯Entry/Order: 9.08 - 9.12 )Gradually enter near the current price(

🛑Stop Loss: 8.95 )Break below the 1H low and psychological level 9.00(

🚀Target 1: 9.35 )Recent resistance level on the 4H chart(

🚀Target 2: 9.55 )EMA20 resistance level on the daily chart(

🛡️Trade Management:

- Position Size Recommendation: Standard position )Reason: Clear 1H structure, effective support, reasonable risk-reward ratio(

- Execution Strategy: After the price reaches 9.35, reduce position by 50% and lock in profits, then move the remaining stop loss up to the entry price of 9.12. If the price strongly breaks through 9.35, target the remaining position at 9.55.

Depth Logic: Market depth shows buy orders (Bids) are stacked much thicker than sell orders (Asks), with an imbalance of 4.21%, indicating strong support below. OI remains stable during the price decline, suggesting it’s not main force unloading but rather cleaning out weak hands. The EMA20 on the 1H chart (9.1006) provides dynamic support; the price has tested and bounced multiple times. Coupled with a bullish divergence in RSI, this is a classic pullback entry point for a long position.

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