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LINK short signal with 95% accuracy, is the major player lurking around 7.6?
$LINK /USDT - SHORT
Trading plan:
Entry: 7.581 – 7.617
SL: 7.770
TP1: 7.471
TP2: 7.385
TP3: 7.257
Why pay attention to this structure?
- Bearish trend confirmed on the 4-hour timeframe, daily chart continues bearish, RSI 15-minute at 51.65 with no oversold signal.
- Current price at 7.599 is under EMA resistance zone, ATR only 0.07, volatility contraction suggests a high probability of downside breakout.
- First target TP1 at 7.471, risk-reward ratio over 1:2, stop loss clearly at 7.770.
Discussion:
Will it first reach TP2 at 7.385, or fake break below and then pull back to trap bulls?