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Everyone is bullish on LINK—except the 4h chart that just screamed “run.”
$LINK /USDT - SHORT
Trade Plan:
Entry: 7.322 – 7.402
SL: 7.745
TP1: 7.075
TP2: 6.883
TP3: 6.596
Why this setup?
95% short confidence on a bearish daily trend. RSI 45.92 on 15m is already weak, not oversold. Entry at 7.362 with TP2 at 6.883 means a 6.5% drop if momentum accelerates. ATR of 0.159 on 1h confirms low volatility squeeze potential. Why now? Because the price is hovering at resistance from the 1h Pivot—if it fails to hold 7.322, the next stop is TP1 at 7.075.
Debate:
Are you shorting the breakdown below 7.322 or waiting for a retest of 7.402?