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LINK Longs’ Last Supper? RSI Reveals Lethal Signal
$LINK /USDT - Going short SHORT
Trading plan:
Entry: 7.873 – 7.903
SL: 8.035
TP1: 7.778
TP2: 7.704
TP3: 7.594
Why focus on this structure?
- The 1-day trend is clearly bearish; 15-minute RSI is only 56.98, with rebounds lacking strength.
- The 4-hour EMA lines are arranged bearish; 7.888 is the key resistance area right now.
- The 95% shorting signal has already been triggered, with TP1 at 7.778 within reach.
Discussion:
After this break above 7.888, will it first reach 7.704, or is it a bull-trap pullback?