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LINK’s 4-hour short order signal—would you dare to follow it?
$LINK /USDT - SHORT
Trading plan:
Entry: 8.488 – 8.528
SL: 8.698
TP1: 8.365
TP2: 8.270
TP3: 8.127
Why watch this structure?
- Current LINK is near 8.508, RSI on the 15-minute chart is 51.55, leaning mildly weak.
- The daily trend is range-bound, but the 4-hour direction is clearly bearish, with confidence at 55.4—not high, but worth paying attention to.
- The entry zone is 8.488-8.528, TP1 at 8.365, TP2 at 8.270, and SL set at 8.698.
- Why now? Because the 4-hour short signal has just triggered, and RSI isn’t oversold, so there is still room to the downside.
Discussion:
Will this short hit TP1 first, or is it a bull trap bounce?