LINK has been performing well recently, with trading volume on the 30-minute K-line directly surging by 113.4%. Such anomalies often indicate that the market is about to start moving.
The current price is around 13.127 USDT, with a key support zone between 12.821 and 12.837. Based on the 1-hour timeframe, the current distance to the support level is only 1.80%, indicating that it is close to support.
If you want to go long, you can place an order around 12.821 and set the take profit target at the resistance level of 13.158. The sharp increase in trading volume usually isn't a false alarm, and the subsequent trend is worth watching. It is recommended to monitor the market closely.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
6
Repost
Share
Comment
0/400
SnapshotStriker
· 01-05 18:58
The saying that trading volume surges always turns out to be true. This time, whether LINK can break through the resistance level depends on today's performance.
View OriginalReply0
GasFeeCrybaby
· 01-05 16:30
I'm tired of hearing the same excuse about the surge in trading volume; last time, they went all in with that explanation.
View OriginalReply0
DEXRobinHood
· 01-03 10:54
The trading volume is exploding, with a figure of 113.4% looking really exciting, but there are too many followers now, so it's easy to get cut.
View OriginalReply0
VirtualRichDream
· 01-03 10:48
The trading volume is so strong, it feels like it's time to buy the dip.
View OriginalReply0
ZKSherlock
· 01-03 10:41
actually... volume spikes tell you nothing about *why* the movement happened. have we considered the trust assumptions here? who's accumulating and under what information asymmetry?
ngl the resistance/support levels feel like pattern-matching theater when you can't verify on-chain data. where's the cryptographic proof of actual accumulation vs. just... noise?
Reply0
WhaleMistaker
· 01-03 10:25
Trading volume surges by 113.4%? This time, it might just be another trap to lure in buyers. Seems like I've seen this trick way too often lately.
LINK has been performing well recently, with trading volume on the 30-minute K-line directly surging by 113.4%. Such anomalies often indicate that the market is about to start moving.
The current price is around 13.127 USDT, with a key support zone between 12.821 and 12.837. Based on the 1-hour timeframe, the current distance to the support level is only 1.80%, indicating that it is close to support.
If you want to go long, you can place an order around 12.821 and set the take profit target at the resistance level of 13.158. The sharp increase in trading volume usually isn't a false alarm, and the subsequent trend is worth watching. It is recommended to monitor the market closely.