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LINK’s 4-hour bearish signal—would you dare to short it?
$LINK /USDT - SHORT
Trading plan:
Entry: 8.406 – 8.438
SL: 8.571
TP1: 8.310
TP2: 8.235
TP3: 8.123
Why focus on this structure?
- Current price 8.422, EMA is weak; 15-minute RSI is only 40.95, and bearish momentum hasn’t been released.
- The 1-day trend is ranging, but the 4-hour structure is bearish, and a short-term opportunity is showing up.
- Targets TP1 8.310, TP2 8.235; stop loss 8.571—the risk-reward ratio is reasonable.
Discussion:
Will this move hit TP2 first, or will it turn into a bull trap rebound?