LINK 4-hour timeframe bearish trap set up already?



$LINK /USDT - going short SHORT

Trading plan:
Entry: 7.908 – 7.938
SL: 8.064
TP1: 7.817
TP2: 7.746
TP3: 7.640

Why focus on this structure?
- The daily trend is clearly bearish; the 1-hour EMA is capped at 7.923.
- RSI on the 15-minute chart is only 47.89; rebound momentum is insufficient, with shorts building up.
- ATR (1 hour) is 0.0589; volatility is expanding, making a quick downside move more likely in the short term.
- This is the short-entry window; TP1 at 7.817 is within reach.

Discussion:
Do you think this short will hit TP2 at 7.746 first, or fake a breakdown and then pull back?
LINK2.67%
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