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LINK’s last supper for the longs?
$LINK /USDT - Going short SHORT
Trading plan:
Entry: 8.1 – 8.1
SL: 8.2
TP1: 8.0
TP2: 7.9
TP3: 7.8
Why focus on this structure?
- On the 4-hour timeframe, shorts dominate; the 1-day trend is clearly bearish, with 80% confidence pointing to SHORT
- 15-minute RSI is 64.7, near overbought—limited room for a rebound
- Current entry at 8.1, TP1 8.0, TP2 7.9, SL 8.2, initial risk-reward ratio starting at 1:1
Discussion:
Will this move hit TP2 first, or is it a bull trap that liquidates the shorts?