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Is LINK 8.55 the top? The main force is drawing the door.
$LINK /USDT - to short SHORT
Trading plan:
Entry: 8.531 – 8.571
SL: 8.800
TP1: 8.364
TP2: 8.240
TP3: 8.053
Why focus on this structure?
- 4H SHORT signal with confidence 77%, and clear EMA suppression.
- 15-minute RSI at 59.97: not overbought, but already near the highs—short-term momentum is fading.
- 1H ATR is only 0.08; volatility is tightening, usually a prelude to a big move.
- Now entering: TP1 8.364, TP2 8.240, SL 8.800, risk-reward ratio of 2.3:1.
Discussion:
Will this move hit TP2 first, or will it be a bull trap that pulls back to 8.7?