LINK’s drop this round—95% of people didn’t understand the real reason



$LINK /USDT - go short SHORT

Trading plan:
Entry: 8.062 – 8.090
SL: 8.214
TP1: 7.972
TP2: 7.903
TP3: 7.799

Why pay attention to this structure?
- On the 4-hour timeframe, the bearish direction is clear; the RSI on the 15-minute is only 55.84, and rebounds have no strength
- The key resistance is 8.076. If the bulls can’t hold above it, it’s a bull trap
- The current price is trading below the EMA, and the 1D bearish market structure hasn’t changed
- Why now? Because the 8.090-8.076 range has been tested multiple times without breaking through, and the shorts have built up momentum

Discussion:
Will this drop first wick down to TP1 7.972, or will it break down directly to TP3 7.799?
LINK-0.68%
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