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8.2 LINK — what are the shorts waiting for?
$LINK /USDT - SHORT sell
Trading plan:
Entry: 8.168 – 8.198
SL: 8.326
TP1: 8.076
TP2: 8.004
TP3: 7.897
Why focus on this structure?
- The 4H bearish signal has been triggered; RSI on 15M is only 43.67, with weak momentum.
- Current 8.183 is the short entry zone: TP1 points to 8.076, with a risk-reward ratio over 2:1.
- In a daily timeframe ranging/sideways structure, shorts are more likely to capitalize and push the move lower.
Discussion:
Will this round hit TP2 first and smash through 8.0, or is it a stop-hunt short rebound?