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LINK breaks down at 7.89, the shorts are already set.
$LINK /USDT - SHORT sell
Trading plan:
Entry: 7.88 – 7.90
SL: 8.00
TP1: 7.81
TP2: 7.75
TP3: 7.67
Why focus on this structure?
- 4H timeframe short confirmation; the daily trend is clearly pointing downward.
- RSI on the 15-minute chart is only 15.46—oversold, but not reversed; short again on any bounce.
- ATR on the 1H chart is 0.045; volatility is normal, and entry at 7.89 is precise.
- Target TP1 7.81, TP2 7.75, stop-loss 8.00, risk-reward ratio 3:1.
Discussion:
In this leg of the move, will it hit 7.75 first, or will it bounce to sweep the stop? Which side are you on?