LINK/USDT 4H Chart

114
📊 Market Context
Price currently ~$9.0–9.2
The market is rather neutral-bearish short-term (no momentum, falling with the market)
What you see on the chart = classic consolidation in an ascending channel
🧠 What your chart shows
🔺 Trend
Ascending channel (purple lines)
BUT: the price is starting to make a lower high (LH) → the first sign of weakness

👉 This is no longer a pure uptrend, but a range in the trend

📉 Key Levels
🟢 Resistance:
9.52
9.94
10.58 (strong – breakout = impulse)
🔴 Support:
8.85 (very important)
8.51
8.06 (last line defense)
⚡ RSI + MACD
RSI:
~40–45 → lack of strength
slightly bearish (not (rebounds)
MACD:
bearish → downward momentum

👉 So:
technically, a bigger chance of a pullback than a pump (for now)

📊 Scenarios
🟥 SCENARIO 1 (more likely now)
Break down:

if 8.85 falls → we go to 8.51

if 8.51 doesn't hold → 8.06

👉 This is a clean short setup

🟩 SCENARIO 2 (bullish)
Return to the upside:
reclaim 9.52
then target:
9.94
10.5+

👉 But volume has to come in – it's not there yet

🧠 How I would play it (pro mindset)
Option 1 – short:
entry: below 8.85
TP: 8.51 / 8.06
Option 2 – long:
only after:
a breakout of 9.52
or a retest of 8.5 and a bounce
🚨 Most importantly

Now you have:
👉 the middle of the range = the worst place to enter

So:

not long
not short
you are waiting for a breakout
🧾 TL;DR
trend: sideways in an uptrend channel
momentum: downtrend
key: 8.85
bias: slightly bearish

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.