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LINK is ranging around 8.24—who are the big players waiting for to make the first move?
$LINK /USDT - SHORT (go short)
Trading plan:
Entry: 8.229 – 8.253
SL: 8.358
TP1: 8.153
TP2: 8.094
TP3: 8.006
Why focus on this structure?
- 4-hour bearish signals have been activated; RSI on 15 minutes is 45.68, and the rebound lacks strength
- The daily is still in a ranging zone, but the 1-hour EMA suppression is clear; 8.241 is the current key resistance
- Why now? If it breaks below the 8.229 support, the downtrend is confirmed, and TP1 8.153 is in sight
Discussion:
Will this move reach TP1 first and then rebound, or will it directly spike down to bait shorts?