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Where is LINK's last line of defense for bulls?
$LINK /USDT - SHORT
Trading Plan:
Entry: 7.600 – 7.634
SL: 7.781
TP1: 7.494
TP2: 7.411
TP3: 7.288
Why this structure?
- Daily trend is clearly bearish, with 4H bearish signal strength at 95%
- Current price 7.617, hugging EMA resistance; 15M RSI only 52.48, weak bounce
- Why now? 1H ATR at just 0.068; volatility contraction often leads to accelerated breakdown
Discussion:
Do you think it will first hit TP1 at 7.494, or go straight to TP3 at 7.288?