LINK: Is this the last line of defense for the bulls? A break below 7.949 is the abyss.



$LINK /USDT - go short SHORT

Trade plan:
Entry: 7.935 – 7.963
SL: 8.080
TP1: 7.851
TP2: 7.785
TP3: 7.687

Why focus on this structure?
• 4H confirms the bearish side; the daily trend is bearish, and the EMA bear alignment suppresses price.
• RSI on 15M is only 64.55—bounce strength is weak; it hasn’t entered the overbought zone, so it’s under pressure.
• Currently, 7.949 is a short-term key resistance; TP1 at 7.851 is right within reach, and TP2 at 7.785 is likely.
• Why now? The hourly ATR at 0.0547 shows volatility is tightening. Once the market breaks down through 7.935 with volume, shorts will accelerate.

Discussion:
Will this move reach TP2 first and then bounce back, or will it directly fake a long to sweep stops?
LINK3.03%
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