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LINK Stubborn resistance at the end? 4H bears have locked 7.736
$LINK /USDT - SHORT
Trading Plan:
Entry: 7.723 – 7.749
SL: 7.858
TP1: 7.645
TP2: 7.584
TP3: 7.493
Why focus on this structure?
- The daily trend is clearly bearish, with the 4H direction SHORT, 95% confidence.
- The current price 7.736 is pressing against EMA resistance; RSI 15M is only 42.4, and the bounce lacks strength.
- Why now? Because 7.736 is the bears’ entry point—TP1 7.645 is right there, and the stop loss 7.858 is clear and easy to manage.
Discussion:
Will this leg first crash to TP2 7.584, or will it lure a long squeeze bounce up to 7.811 before dropping again?