LINK 8.55—do bulls still dare to enter here?



$LINK /USDT - SHORT the downside

Trading plan:
Entry: 8.534 – 8.574
SL: 8.800
TP1: 8.369
TP2: 8.246
TP3: 8.061

Why focus on this structure?
- On the 4H timeframe, a SHORT signal is issued, confidence 77.4%, and the daily is in a consolidation range.
- The 15-minute RSI is already at 66.83, near the overbought zone, with short-term momentum weakening.
- Current price 8.554 is exactly the 1H reference level; if it breaks below 8.534 support, the shorts will accelerate.
- First target TP1 at 8.369 has a reasonable risk-to-reward ratio.

Discussion:
Will this short move first touch TP1, or directly break down to 8.24?
LINK3.02%
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