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Has the last line of defense for LINK long positions been broken?
$LINK /USDT - SHORT
Trading Plan:
Entry: 7.60 – 7.64
SL: 7.77
TP1: 7.51
TP2: 7.43
TP3: 7.32
Why focus on this structure?
The 4-hour moving averages are bearishly aligned, with RSI at only 50.26, showing weak rebounds. The current level at 7.62 is the 1-hour EMA resistance. Below, TP1 sits at 7.51 and TP2 at 7.43. Why now? The 15-minute RSI is neutral, but the 1-day trend is clearly bearish, with a 95% confidence SHORT signal already triggered.
Discussion:
Will this move first reach TP1 at 7.51, or go straight to TP2 at 7.43?