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LINK’s final “exit window” for the bulls?
$LINK /USDT - short SHORT
Trading plan:
Entry: 8.067 – 8.089
SL: 8.187
TP1: 7.996
TP2: 7.941
TP3: 7.860
Why focus on this structure?
- The 4-hour timeframe confirms the bearish trend, while the daily EMA death cross keeps pressure on price.
- RSI on the 15m is only 58; the rebound lacks strength, and the main orders are densely stacked around 8.078.
- The current price is only 1% away from TP1, but the downside risk is far greater than the rebound upside.
Discussion:
If LINK drops below 7.99, would you chase the short, or wait for a pullback to 8.10 before entering?