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Is LINK’s last long defense broken?
$LINK /USDT - short SHORT
Trading plan:
Entry: 7.918 – 7.948
SL: 8.077
TP1: 7.825
TP2: 7.753
TP3: 7.646
Why focus on this structure?
- The 1D trend is clearly bearish, with bearish EMA alignment on the 4H timeframe.
- Current price is 7.933, hovering just below the 4H Bollinger middle band; RSI on 15M is only 48.9, and momentum is weak.
- Why now? The 95% confidence SHORT signal has already triggered; TP1 target is 7.825, with a risk-reward ratio >2:1.
Discussion:
Will this LINK move reach TP2 at 7.753 first, or will it be a stop-hunt bounce back to 8.0?