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Everyone is bullish on LINK — here’s why I just set a SHORT.
$LINK /USDT - SHORT
Trade Plan:
Entry: 7.979 – 8.057
SL: 8.389
TP1: 7.740
TP2: 7.554
TP3: 7.276
Why this setup?
• 4h trend is bearish, confidence 95%.
• RSI on 15m is 38.96 — momentum still weakening, no bounce signal.
• Entry at 8.018 with TP1 at 7.740 and TP2 at 7.554.
• Why now? ATR shows low volatility breakout risk — but daily structure confirms downside.
Debate:
Do you think LINK breaks below 7.55 before the weekend, or is this a fakeout?