LINK/USDT 1H: Oversold & Accumulating – Ready for a Reversal?
2025-02-03
Category: None

LINK/USDT 1H Chart Analysis
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Current Market Structure: 
 
 Bearish momentum continues after a recent breakdown.
 
 
 RSI at 28.70, showing oversold conditions.
 Hidden Bullish Divergence forming between RSI and price action.
 
 Smart Money Activity: 
 
 Market Makers engineered a liquidity sweep below $20.50.
 Accumulation likely occurring at the discount zone.
 Premium zone identified between $25.50-$26.00.
 
 Key Levels: 
 
 Entry Zone: $20.50 - $20.80 (discount zone).
 Targets:
 T1: $22.30 (FVG fill).
 T2: $23.50 (Equilibrium zone).
 Stop Loss: Below $19.80 (to protect downside risk).
 
 Risk Score: 
 
 8/10 (High volatility – strong R:R setup).
 
 Market Maker Intent: 
 
 Likely accumulating at current levels before the next leg up.
 Liquidity grab appears complete, suggesting a potential reversal.
 No short entries recommended due to oversold conditions.
 
 Recommendation: 
 
 Long positions are favorable within the $20.50 - $20.80 range.
 Wait for reversal confirmation before entering.
 Monitor volume and price action near $22.30 resistance for breakout strength.
 
 Confidence Level: 
 
 7/10 for potential bullish reversal.
 
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