LINK/USDT 1H: Oversold & Accumulating – Ready for a Reversal?

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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