【$LINK Signal】1H timeframe consolidation with decreasing volume, waiting for a breakout

$LINK The 1H timeframe is oscillating narrowly between 8.83-8.86, with declining volume, supported by the 4H EMA20 (8.81) and facing resistance at the 1H EMA20 (8.877). The 4H structure shows continuous sideways movement, but open interest (OI) remains stable, not decreasing with the price drop, indicating limited selling pressure and that the main force has not exited the market. The current price is close to the bid side at 8.843, with intense battle between bulls and bears, imminent reversal.

🎯 Direction: Watch and wait (Pending order breakout)

⚡ Trigger condition: Price must break through the 1H EMA20 (8.877) with volume to confirm short-term momentum reversal.

🎯 Entry/Order: Breakout buy stop at 8.885 (Reason: Breaks through 1H EMA20 and recent small platform resistance at 8.88)

🛑 Stop loss: 8.795 (Reason: Break below 4H EMA20 and previous low support at 8.792)

🚀 Target 1: 9.000 (Reason: Previous high and psychological round number)

🚀 Target 2: 9.150 (Reason: Resistance area above the 4H previous high at 9.057)

🛡️ Trading management:

- Position size suggestion: Light position (Reason: Direction is unclear, waiting for breakout confirmation)

- Execution strategy: If the price surges after entry, reduce position by 50% near Target 1, and move the remaining stop loss to the entry price. If the price cannot hold above 8.88 and falls back, abandon the trade.

Deep logic: Market depth shows significant sell orders (8.844-8.85), requiring volume to break through. The 1H RSI (46.19) is in a neutral to weak zone, with rebound potential. Key is observing OI changes; if price rises with increasing OI, it indicates a valid breakout. Negative funding rate (-0.0069%) slightly eases bullish pressure.

View real-time market 👇 $LINK

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