LINK short positions are in place. Is 7.69 a trap or a starting point?



$LINK /USDT - SHORT

Trading Plan:
Entry: 7.67 – 7.71
SL: 7.84
TP1: 7.58
TP2: 7.50
TP3: 7.39

Why focus on this structure?
- Daily trend clearly bearish, 4H direction aligned, strong short signal.
- RSI at just 43.06 on the 15-minute chart, momentum weak, rebound lacking strength.
- Entry at 7.69, TP1 at 7.58, TP2 at 7.50, SL at 7.84, risk-reward ratio reasonable.
- Why now? Price has just touched the resistance zone, bearish structure intact, trading with the trend.

Discussion:
At the 7.69 level, will it first drop to TP2 then bounce, or directly hit SL? Which side are you on?
LINK2.06%
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