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LINK bulls' last stand? Shorts have ambushed near 7.85
$LINK /USDT - Short SHORT
Trade Plan:
Entry: 7.834 – 7.870
SL: 8.025
TP1: 7.722
TP2: 7.635
TP3: 7.505
Why focus on this structure?
- 1D trend clearly bearish, 4H bearish signal with 95% confidence, bounce to 7.852 is the perfect entry point
- 15-min RSI at only 37.96, weak bounce unable to break 7.868 resistance, high probability of a bull trap
- Stop loss 8.025, risk-reward ratio 1:3, TP1=7.722 directly breaks previous low
Discussion:
Will this move reach TP2 at 7.635 first, or fake break below 7.722 followed by a violent rebound?