LINK at the 8.38 level—what are the shorts setting up?



$LINK /USDT - SHORT (sell)

Trade plan:
Entry: 8.362 – 8.394
SL: 8.574
TP1: 8.231
TP2: 8.133
TP3: 7.987

Why focus on this structure?
- 4H SHORT signal confirmed, confidence 77%, EMA moving averages are clearly pressing down.
- 15-minute RSI 62.88—no overheating, but the 1D trend is ranging, with insufficient upside momentum.
- Current price 8.378 is sticking close to the 1H reference line; below, TP1=8.231, with about 1.7% room.

Discussion:
In this move, will it first reach 8.23 to hit TP1, or will it bounce to lure longs with a wick before going down?
LINK4.68%
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