Price: 11.65 | EMA7: 12.32 | EMA25: 13.43 | RSI14: 31.56 | Resistance: 17.98 | Support: 10.1 | Average Volume: 3380577.23 | Volume Trend: Decreasing
Based on the 1D chart of LINKUSDT, here's my technical analysis:
The RSI14 indicates that LINKUSDT is approaching oversold territory, which could be a buying opportunity. The MACD is also suggesting a potential bullish crossover. However, the price is still below the EMA7 and EMA25, indicating bearish pressure.
Advice:
* Long entry: Wait for a breakout above EMA7 (12.324694727711) or a retest of Support (10.1) with a bullish candlestick pattern. Target: EMA25 (13.429184434099) or Resistance (17.98).
* Short entry: Look for a rejection from EMA7 or a breakdown below Support (10.1) with a bearish candlestick pattern. Target: Previous lows or lower supports.
* Spot buy price: 11.1-11.3, considering the oversold RSI14 and decreasing volume trend.
Remember to set stop-losses and risk management according to your trading strategy.