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8.246 LINK—both bulls and bears are waiting for who to make the first move?
$LINK /USDT - SHORT
Trading plan:
Entry: 8.228 – 8.264
SL: 8.415
TP1: 8.119
TP2: 8.035
TP3: 7.908
Why focus on this structure?
- The 1D trend is range-bound, but the 4H signals lean SHORT; the 15m RSI is at 59.8 and not overbought, so the shorts still have room.
- Key levels: after breaking below 8.228, TP1 is at 8.119, TP2 at 8.035, with the stop loss at 8.415.
- Why now? If the 15m RSI drops from 60 and price faces EMA resistance, the downside could accelerate.
Discussion:
Will this leg reach TP2 first, or will it be a stop-hunt pullback that rebounds to 8.373?