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Is the LINK long side losing control?
$LINK /USDT - Sell SHORT
Trading plan:
Entry: 8.187 – 8.219
SL: 8.355
TP1: 8.089
TP2: 8.013
TP3: 7.899
Why focus on this structure?
- On the 4H timeframe, it looks short; RSI on the 15M is 46.4, weak but not oversold, and downside room still remains
- Entry reference at 8.203; TP1 directly targets 8.089, TP3 sees 7.899, with stop-loss at 8.355
- The 1D trend is ranging; the short-term SHORT signal has already been activated—why now? Because 8.203 is a key resistance; if it breaks, the shorts will accelerate
Discussion:
Will this move reach TP2 first, or is it a bull trap bounce? What do you think?