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LINK 4-hour timeframe shows a short signal—don’t rush to catch the falling knife.
$LINK /USDT - SHORT
Trading plan:
Entry: 8.448 – 8.482
SL: 8.625
TP1: 8.345
TP2: 8.265
TP3: 8.145
Why pay attention to this structure?
LINK is currently quoted at 8.465. Over the next 15 minutes, the RSI is only 53.89, and the rebound momentum is insufficient. The 1-day trend is ranging, but the 4-hour direction is clearly bearish. TP1 is at 8.345, TP2 is at 8.265. Why now? The rebound reaches the EMA resistance zone, and the window for short positioning is now open.
Discussion:
Will this move reach TP2 first, or is it a bull trap to lure longs?