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LINK short signal 95% — who’s catching the dip against the trend?
$LINK /USDT - SHORT
Trading plan:
Entry: 8.034 – 8.058
SL: 8.160
TP1: 7.960
TP2: 7.903
TP3: 7.818
Why focus on this structure?
On the 4-hour timeframe the trend is clearly bearish. The 15-minute RSI at 62.96 is nearing the overbought zone. On the 1-hour timeframe the ATR is only 0.0476—after volatility tightens, it will most likely accelerate downward. Around 8.046 is the best entry point. TP1 7.960, TP2 7.903, stop loss 8.160, with a risk-reward ratio of more than 2:1. Why now? Because the daily bearish trend hasn’t changed; the hourly rebound has just hit resistance, and the timing is perfect.
Discussion:
Will this short reach TP2 first, or get stopped out? Which side are you on?