How long can the LINK bulls hold on? The 4-hour timeframe is already flashing red.



$LINK /USDT - Short SHORT

Trading plan:
Entry: 8.008 – 8.034
SL: 8.142
TP1: 7.930
TP2: 7.869
TP3: 7.779

Why focus on this structure?
- The 1-day trend is clearly bearish; both the 4-hour EMA and RSI are suppressing the bulls.
- LINK is currently around 8.021; it’s rebounding in the short term but lacks momentum.
- Why now? The 15-minute RSI rebounds to 60.24, but hasn’t broken into overbought—bears can retaliate at any time.
- Key support is 7.930; if it breaks, TP2 7.869 and TP3 7.779 are within reach.

Discussion:
Will this move reach TP3 first and then rebound, or will it turn into a direct bull-trap?
LINK-1.99%
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