LINK’s 15-minute RSI has surged to 77.57—who’s chasing the top?



$LINK /USDT - Sell SHORT

Trading plan:
Entry: 8.558 – 8.594
SL: 8.806
TP1: 8.404
TP2: 8.289
TP3: 8.117

Why focus on this structure?
- The current 4-hour direction is clearly SHORT, with confidence at 77.4%, and 1D is in a ranging zone.
- The 15-minute RSI is overbought (77.57), with extremely high risk of a short-term pullback.
- The entry reference price is 8.576, with TP1 set at 8.404— the risk-reward ratio is reasonable. Why now? The overbought signal stacked on the upper edge of the range is a typical reversal short setup.

Discussion:
Will this wave hit TP1 first, or will it break the SL directly? Which side are you on?
LINK3.02%
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