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LINK’s last hurrah for the bulls? A fatal signal has appeared at the 8.0 level
$LINK /USDT - short SHORT
Trading plan:
Entry: 8.003 – 8.021
SL: 8.100
TP1: 7.946
TP2: 7.902
TP3: 7.836
Why focus on this structure?
- The daily trend is clearly bearish; the 4-hour EMA cross confirms; RSI on the 15m is only 59.28, and the rebound lacks strength.
- Current 8.012 is the best entry point for shorts: TP1 7.946, TP2 7.902, stop loss 8.100, with a reward-to-risk ratio above 2:1.
- Why now? The 1-hour ATR is only 0.0366; after volatility narrows, it must break the level. A bear-market rebound is a trap.
Discussion: