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LINK short positions are ready—who’s setting up at 8.55?
$LINK /USDT - SHORT sell
Trading plan:
Entry: 8.538 – 8.574
SL: 8.784
TP1: 8.385
TP2: 8.272
TP3: 8.101
Why watch this setup?
- On the 4-hour timeframe, the bearish signals are clear. The 15-minute RSI at 61.93 hasn’t reached overbought yet, so there’s still room for downside in the short term.
- Key resistance at 8.574; if it breaks below 8.385, TP1 activates, with targets at 8.272–8.101.
- Stop loss at 8.784, with a reasonable risk-reward ratio. In the 1D consolidation, the bears have the upper hand.
Discussion:
Will this wave hit TP2 first, or will it fake out upward and bounce to 8.687?