Today while watching the market, I discovered a bizarre phenomenon — a newly created wallet withdrew nearly 470,000 LINK from Binance in just two days, worth 5.77 million USD. Is a whale secretly buying in, optimistic about the future, or setting up a larger scheme?
Combining with the one-hour candlestick chart, I sense something different...
The news is intriguing:
The whale has been continuously withdrawing funds, clearly accumulating at low prices.
But ordinary players rushing in now may very well become 'exit buyers.' Why? Because large capital layouts are often done in batches; they won't push the market up all at once, but may continue to sell off to acquire even lower chips. Do you often see your purchases drop and your sales rise? Because you haven't understood their rhythm.
I suggest you find a good teacher to help you monitor the market, so you don't end up losing money you shouldn't have lost and earning less than you should have!
Let's look at the technicals:
LINK's hourly chart is still in a downtrend, currently pressured below $13.
There are two key resistances above: 13 and 13.7, especially 13.7, which is the recent 'iron top.'
What about support below? In the short term, look at the 12.5-12 range; if it can't hold, the next target is 11.5.
Interestingly, although the MACD is still below the zero line, a 'golden cross' has appeared underwater.
What does this signal mean? A rebound may be coming, but a rebound is not a reversal — remember this saying from Nanxi.
Nanxi's perspective:
Today, LINK rebounded to around 13 and 13.7; be sure to pay attention to 'shorting opportunities.'
If it can't break through, the first target for a pullback is 12.5-12.
If you want to bet on a rebound, you can only test the waters with a light position during a sharp drop, in and out quickly.
The real 'bottom picking' might be around 11.5, but don't rush to bet your entire position — the market is revealed, not guessed.
Here's a small example:
Just like last month, LINK also had a big whale accumulating and then dumped it, many people chased the rise at 13.5, and it fell to 11.8 before rebounding. If you learn to 'short at resistance and go long at support,' even if you are wrong about the direction, you can still control your risk.
Trading cryptocurrencies is not gambling; it's a strategic game.
What should you do now?
If you hold LINK, reduce your position when it rebounds to the resistance level.
If you are out of position, wait for two signals: one is a volume drop below 12, and the second is the hourly chart stabilizing above 13.7.
Otherwise, just watch — waiting is not missing out; it's protecting yourself.
Remember, the market never lacks opportunities; what it lacks is patience.
I am Nanxi, an analyst who guides you through bull and bear markets with real experience. If you're tired of being cut down, want to truly understand the market, and keep up with the whales' rhythm — find Nanxi, and I will explain 'how to find the main force's movements in advance through on-chain data.'
When to make a move will be announced by Nanxi in the village; see you at the banquet in Nanxi Village!
