【$LINK Signal】Pullback to buy! 1H oversold rebound, clear signs of main force supporting the market

$LINK The 1H timeframe is repeatedly testing the critical support zone around 8.57-8.58. RSI has entered the oversold area, and short-term downward momentum is weakening. Although the 4H timeframe is in a downtrend channel, open interest remains stable, with no signs of panic selling, and buying depth is significantly solid, indicating main force support. The current price is testing the validity of the 1-hour EMA20 support, making it an excellent short-term rebound entry point.

🎯Direction: Long

⚡Entry/Order: 8.494 - 8.580

🛑Stop Loss: 8.420

🚀Target 1: 8.750

🚀Target 2: 8.900

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position to aim for Target 2. If the price pulls back to the lower end of the entry zone and stabilizes, consider adding to the position.

(Depth Logic: The price is falling but open interest remains stable, indicating it’s not main force unloading but rather clearing long leverage. The 1-hour RSI is below 32, severely oversold, with a strong rebound demand. Market depth shows buy orders surpass sell orders, providing support. Negative funding rates suggest shorts need to pay fees, and a rebound could trigger a short squeeze. It’s recommended to gradually accumulate within the optimized entry zone, playing for a technical rebound. )

View real-time market 👇 $LINK

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