LINK has a 4-hour top divergence—are the market makers preparing to distribute?



$LINK /USDT - go short (SHORT)

Trading plan:
Entry: 8.302 – 8.340
SL: 8.560
TP1: 8.142
TP2: 8.023
TP3: 7.844

Why focus on this structure?
The 15-minute RSI has spiked to 77.5, with a clear overbought signal. The 1-day trend is consolidating, and the 4-hour structure is biased toward the downside. Current 8.321 is in the resistance zone—if it fails to break through, the first target is TP1 at 8.142. Why now? Because the short-term cycle is overheated, while the long-term cycle has no direction—a typical bull trap structure.

Discussion:
For this move, are you waiting for the 8.560 stop-loss, or placing the SHORT early?
LINK5.21%
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