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Most traders are still bullish on LINK—that’s exactly why I’m shorting at 7.997.
$LINK /USDT - SHORT
Trade Plan:
Entry: 7.982 – 8.012
SL: 8.143
TP1: 7.887
TP2: 7.814
TP3: 7.704
Why this setup?
• 4h timeframe shows a bearish trend with 95% confidence.
• RSI on 15m is at 67.62—nearing overbought in a downtrend.
• Entry at 7.997 aligns with resistance; TP1 at 7.887 is just -1.4% away.
• Why now? The daily trend is bearish, and the 1h ATR of 0.061 suggests low volatility—ideal for a quick scalp before the next leg down.
Debate:
Are you waiting for a retest of 8.079 to short, or do you take the current entry?