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You think LINK is bottoming? The 4H chart just flashed its most bearish signal in weeks.
$LINK /USDT - SHORT
Trade Plan:
Entry: 7.915 – 7.961
SL: 8.155
TP1: 7.775
TP2: 7.666
TP3: 7.503
Why this setup?
- 1D trend is bearish, and 4H momentum confirms: RSI 15m at 33.58 is still falling, not oversold enough to reverse.
- Entry at 7.938 with TP2 at 7.666 means there’s still 3.4% downside left—and that’s the conservative target.
- ATR 1h at 0.09059 shows volatility is compressing, often a precursor to a breakdown, not a bounce.
Debate:
Are you scaling into shorts here or waiting for a retest of 7.96 first?