LINK short signal with 95% confidence—are we preparing to take action on the 4-hour timeframe?



$LINK /USDT - SHORT

Trading plan:
Entry: 7.923 – 7.955
SL: 8.091
TP1: 7.825
TP2: 7.749
TP3: 7.634

Why focus on this structure?
- The current price is 7.939, perfectly sitting just below the 4-hour EMA, and the daily trend is clearly bearish.
- RSI on the 15-minute chart is only 45.26; the rebound lacks strength, and the short momentum hasn’t been released yet.
- Why now? Main direction is SHORT, confidence 95%. Referencing ATR (1h 0.063), volatility is tightening; a break above the prior high of 7.955 could trigger an acceleration to the downside.
- The first target is TP1 at 7.825, the second is TP2 at 7.749, with SL at 8.091— the risk-reward ratio is close to 1:3.

Discussion:
Will this short move reach TP2 first and then bounce, or will it directly fake a rally to sweep the stop loss? Have you placed your order?
LINK-1.21%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned