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LINK longs’ final supper? 95% probability of a sell-off
$LINK /USDT - short SHORT
Trading plan:
Entry: 8.032 – 8.054
SL: 8.150
TP1: 7.963
TP2: 7.909
TP3: 7.829
Why focus on this structure?
- The daily trend is clearly bearish; 4H EMA bearish alignment suppresses price action.
- The 15-minute RSI at 61.97 is close to the overbought zone, and rebound momentum is exhausting.
- Current price 8.043 is right along 1H resistance; the short entry point has been triggered.
- Why now? TP1 at 7.963 is only 1% away, with a risk-reward ratio above 3:1.
Discussion:
Will this drop first to TP2 at 7.909, or will it directly pierce lower to bait longs up to 8.15?