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Why LINK’s “safe” 8.22 level is the most dangerous place to be right now.
$LINK /USDT - SHORT
Trade Plan:
Entry: 8.208 – 8.240
SL: 8.421
TP1: 8.076
TP2: 7.978
TP3: 7.830
Why this setup?
80% confidence SHORT on 4H timeframe. 1D trend is bearish. RSI (15m) at 59.99 — not yet oversold, leaving room to drop. ATR 1h of 0.063 means volatility is tight, but break below 8.208 confirms weakness toward TP1 at 8.076. The “waiting” status means entry is live — not missed.
Debate:
If LINK rejects 8.24 again, are you shorting the breakdown or waiting for a dead cat bounce?