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Is the last wild party for LINK longs? In the 4-hour timeframe, shorts have already locked in 8.068.
$LINK /USDT - short SHORT
Trading plan:
Entry: 8.057 – 8.079
SL: 8.170
TP1: 7.991
TP2: 7.940
TP3: 7.863
Why focus on this setup?
- The daily trend is clearly bearish, with the 4-hour MA death cross weighing down price; any rebound is a chance to short.
- RSI on the 15m is only 50.75, with no oversold signal; short momentum hasn’t been fully released yet.
- The current price is near 8.068. TP1=7.991 (-0.95%), TP2=7.940 (-1.6%), with a reward-to-risk ratio above 2:1.
Discussion:
For this 8.068 short, do you think you’ll hit TP2 first, or get swept by SL?