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Everyone is bullish on LINK — but the 1D chart just screamed “fakeout.”
$LINK /USDT - SHORT
Trade Plan:
Entry: 7.929 – 7.957
SL: 8.080
TP1: 7.840
TP2: 7.772
TP3: 7.669
Why this setup?
Why now? 95% confidence SHORT signal armed on 4H. RSI on 15m is 48.24 (neutral, no bounce pressure). Entry at 7.943 with immediate targets 7.840 and 7.772. ATR 1H is low at 0.057 — volatility compression often precedes a breakdown. Trend is bearish on 1D, so this isn’t a scalp — it’s a directional conviction.
Debate:
Are you fading this SHORT or waiting for a retest of 8.08 to short harder?