LINK shorts are building up at 95%—who dares to catch the flying knife?



$LINK /USDT - SHORT

Trading plan:
Entry: 7.865 – 7.889
SL: 7.991
TP1: 7.792
TP2: 7.735
TP3: 7.649

Why focus on this structure?
- On the 4-hour timeframe, the trend is clearly bearish, and the daily bearish structure has not been broken.
- The 15-minute RSI has fallen to 15.65, extremely oversold, but hasn’t rebounded—bearish momentum is still strong.
- Entry reference: 7.877, TP1: 7.792, SL: 7.991, reward-to-risk ratio > 2:1.
- Why now? After oversold conditions, the rebound lacks strength—this is a typical warning sign of a “bull trap.”

Discussion:
Will this move reach TP2 7.735 first, or will it rebound and then blow up the shorts?
LINK0.71%
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