LINK's last escape window for longs?
$LINK /USDT - Short
Trading Plan:
Entry: 7.93 – 7.97
SL: 8.10
TP1: 7.84
TP2: 7.76
TP3: 7.65
Why pay attention to this structure?
- 4-hour bearish signal strength at 95%, daily trend clearly downward
- 15-minute RSI at 56.07, insufficient bounce momentum, EMA resistance evident
- Current area around 7.95 is an ideal short entry zone, stop loss at 8.10, risk-reward ratio 3:1
- Why now? RSI bounce hasn't exceeded 60, bearish momentum hasn't been fully released
Discussion:
Should this short trade first target TP1 at 7.84, or directly spike to TP2 at 7.76?