LINK bear trap or real breakdown?



$LINK /USDT - SHORT

Trading Plan:

Entry: 7.821 – 7.855

SL: 8.004

TP1: 7.714

TP2: 7.631

TP3: 7.506

Why focus on this structure?

The daily trend is clearly bearish, with a 95% high-confidence bearish signal on the 4H timeframe. The current price of 7.838 is close to the EMA resistance line, and the 15-minute RSI is only 37.96, indicating exhausted rebound momentum. Why now? Because the 1-hour ATR is only 0.069, and volatility contraction is usually followed by a directional breakout, while the bearish structure remains unchanged.

Discussion:

Do you think LINK will first reach TP1 at 7.714, or will it experience a false breakdown and then rebound?
LINK-2.12%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned