【$LINK Signal】Pullback to go long + 1H level oversold rebound

$LINK The 1H level is oscillating near a critical support zone (8.70-8.78) to build a bottom, RSI has entered the oversold area, indicating a technical rebound demand. Although the 4H level shows a downward trend, open interest remains stable with no signs of panic selling. Price decline is accompanied by negative funding rates, suggesting potential short squeeze. Currently, the 1-hour candlestick repeatedly tests around 8.79, with strong buy orders below and initial signs of main force defending the market.

🎯 Direction: Long (buy on pullback)

⚡ Entry/Order: 8.700 - 8.788

🛑 Stop Loss: 8.600

🚀 Target 1: 8.950

🚀 Target 2: 9.150

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price of 8.788. Trail the remaining position with a stop loss; if the price pulls back and breaks below the moved stop loss, exit all positions.

Order Book Logic: Over the past 4 hours, the price has fallen nearly 5%, but open interest remains stable, indicating more of a long leverage wipeout rather than main force distribution. The 1-hour RSI has dropped to 36, near oversold levels, with rebound momentum building. Market depth shows dense buy orders in the 8.78-8.70 range, forming a strong support. Negative funding rates suggest short-term dominance by bears. Once the price stabilizes and rebounds, short covering may trigger a rapid upward move. Combining this with the optimized entry zone, this presents an excellent risk-reward short-term sniper opportunity.

View real-time market 👇 $LINK

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #2月非农意外负增长