Is LINK’s rebound at 8.4 a trap or the start of a move up?



$LINK /USDT - Go short SHORT

Trading plan:
Entry: 8.381 – 8.415
SL: 8.561
TP1: 8.276
TP2: 8.195
TP3: 8.073

Why focus on this structure?
- 4H direction is clearly SHORT, 1D is ranging/sideways, and the 15m RSI has already dropped below 41—momentum is weak.
- Currently 8.398 is the main short entry point; TP1 at 8.276 is only one step away. Below that, TP2 at 8.195 and TP3 at 8.073 are clearly defined downside targets.
- Why now? The short setup is still valid. If the rebound is rejected, that’s the time to add—don’t wait for it to break down before chasing.

Discussion:
For this round of the 8.398 short, should it hit TP1 first, or stop-loss first? Which side are you on?
LINK-1.61%
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