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$LINK (1h) - Bearish Rejection Setup
Bias: Short
Entry (Zone): 8.60 - 8.85
Targets:
TP1: 8.30
TP2: 8.05
TP3: 7.70
Stop Loss: 9.18
Why this Setup:
I’m looking to short into the recent bounce because price is still making lower highs after the sharp selloff, and the move back into the 8.6 to 8.8 area looks like a likely retest. I want continuation lower unless price reclaims the prior breakdown zone with strength.