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Everyone’s bullish on LINK, but the 4h chart just screamed “short” at 95% confidence.
$LINK /USDT - SHORT
Trade Plan:
Entry: 7.493 – 7.531
SL: 7.693
TP1: 7.376
TP2: 7.286
TP3: 7.150
Why this setup?
Why now? 1D trend is bearish, RSI 15m at 65.18 (overbought on short timeframe), and the primary entry at 7.512 sits just below a 1h resistance. ATR of 0.0753 on 1h means volatility is tight—break below 7.493 low triggers a fast move toward TP1 at 7.376. The 4h rejection pattern is textbook.
Debate:
Are you fading the crowd and shorting LINK here, or do you think the 7.693 stop loss gets taken out first?