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The last straw for bulls? LINK 4-hour shorts are locked in
$LINK /USDT - SHORT
Trade Plan:
Entry: 7.891 – 7.927
SL: 8.078
TP1: 7.782
TP2: 7.698
TP3: 7.571
Why focus on this structure?
- 95% confidence bearish signal, EMA lines in bearish alignment, 1D trend clearly downward
- 15-minute RSI at only 42.97, weak rebound, sustained bearish momentum
- Current price 7.909, hugging the lower ATR band, high probability of breakdown
- First target TP1 at 7.782, space 1.6%, risk-reward ratio over 3:1
Discussion:
Will this go to TP2 first and then bounce, or will it V-reverse and squeeze the shorts?