【$LINK Signal】Hold Cash and Wait — Weak Rebound in Downtrend Lacks Reversal Momentum

$LINK In a prolonged downtrend, the market is weakly consolidating, with the 4H rebound suppressed by EMA20, indicating weak buying strength.

🎯Direction: Hold Cash (NoPosition)

Market Analysis: Price is trading below EMA20 (8.69). The 4H candlesticks have been repeatedly rejected at this level, showing it as a valid resistance. RSI (41.3) is in a weak zone, not oversold, with no rebound momentum.

Hardcore Logic: Key data points to a bearish dominance. Funding rate (0.0041%) is positive, but open interest (OI) remains stable, indicating no short squeeze. Order book imbalance (1.57%) and buy/sell ratio (1.03) show balanced buying and selling forces, with no signs of institutional accumulation. The 4H buy/sell ratio (0.48-0.53) remains below 1, indicating the decline is driven by genuine sell orders, not long liquidation.

Trading Plan: The current pattern is a downtrend continuation. Long positions lack key support confirmation (such as volume breakout above EMA20 with increasing OI). Short positions face risks from positive funding rates and declining price without volume. The win rate is low; the best strategy is to hold cash and wait.

Trade here 👇 $LINK

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