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Why is everyone still long LINK when the 4h chart is screaming for a 95% confidence short?
$LINK /USDT - SHORT
Trade Plan:
Entry: 7.939 – 7.971
SL: 8.106
TP1: 7.842
TP2: 7.766
TP3: 7.653
Why this setup?
- Daily trend: bearish. RSI on 15m at 55—weak bounce, not a reversal.
- Entry zone: 7.955, with tight invalidation at 8.079. Risk is defined.
- Targets: 7.842 (TP1), then 7.766 (TP2). Room for a 2.5% drop before the next support.
- "Why now?" Because the 1h ATR is 0.063—volatility is low, but the setup is high conviction.
Debate:
Are you fading this short or waiting for a reclaim above 8.08 to flip bullish?