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LINK: Bear Trap or True Breakdown?
$LINK /USDT - SHORT
Trade Plan:
Entry: 7.708 – 7.738
SL: 7.866
TP1: 7.616
TP2: 7.544
TP3: 7.437
Why Focus on This Structure?
4-hour EMA death cross confirmed, RSI at only 50.22 on the 15-minute timeframe, weak rebound. Daily trend clearly bearish, entry at 7.723 hugging EMA resistance, TP1 already at 7.616. Why now? 95% confidence signal, waiting for a breakdown below 7.708 to confirm acceleration.
Discussion:
Will it hit TP2 7.544 first, or fakeout rebound to sweep SL at 7.866?