Is LINK’s rebound a trap or a reversal?



$LINK /USDT - Going short SHORT

Trading plan:
Entry: 8.211 – 8.245
SL: 8.388
TP1: 8.108
TP2: 8.028
TP3: 7.907

Why focus on this structure?
- 4-hour timeframe signal: SHORT, confidence 55.4%.
- Current price 8.228; the 1D trend is “range-bound,” with no clear breakout.
- RSI on the 15-minute: 55.25, slightly neutral but not overbought.
- Entry reference at 8.228; TP1 at 8.108, TP2 at 8.028—downside space of about 2.4%.
- Why now? Momentum is weak within the range, and the SHORT signal paired with RSI not being overheated suggests a higher probability of a short-term pullback than a breakdown.

Discussion:
Will this move reach TP2 first, or is it a stop-hunt rebound?
LINK-0.65%
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