Is this the last hurrah for LINK longs? The 4-hour EMA death cross is confirmed.



$LINK /USDT - Short SHORT

Trading plan:
Entry: 8.039 – 8.075
SL: 8.233
TP1: 7.925
TP2: 7.837
TP3: 7.705

Why focus on this structure?
- The 1-day trend is clearly bearish; the 4-hour EMA death cross is suppressing price, so any rebound is a point to go short.
- Current RSI 15m = 56.68, not overbought, but the 1-hour ATR is only 0.073—volatility is contracting, so a breakout above the previous high is unlikely.
- Main plan: Enter short near the current price around 8.057, with TP1 = 7.925, TP2 = 7.837, SL = 8.233 (risk-reward ratio 1:2.4).
- Why now? After waiting for the tug-of-war between bulls and bears, bearish momentum is about to be released.

Discussion:
Will this short position hit TP2 first, or be stopped out by a bull trap that lures longs?
LINK-1.13%
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