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LINK 8.38 short orders are already placed—who’s the one taking the bag?
$LINK /USDT - SHORT the position
Trading plan:
Entry: 8.369 – 8.399
SL: 8.572
TP1: 8.243
TP2: 8.149
TP3: 8.009
Why watch this structure?
- On the 4H timeframe, bearish bias, 77% confidence pointing to downside.
- 1H EMA reference at 8.384; RSI (15M) 59.27 hasn’t hit overbought, so there’s still room.
- TP1 8.243, TP2 8.149; stop loss 8.572; reward-to-risk ratio about 2.5:1.
- Why now? The daily is ranging; near-term bearish momentum is building—waiting for a breakdown.
Discussion:
Will this wave hit TP2 first, or will there be a false breakout at 8.40 and then a rally?