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LINK 8.245 is a fake breakout? The shorts are watching you.
$LINK /USDT - SHORT
Trading plan:
Entry: 8.233 – 8.257
SL: 8.357
TP1: 8.161
TP2: 8.105
TP3: 8.022
Why focus on this structure?
- 4H-level bearish signal, 1D ranging area, clear EMA suppression.
- 15M RSI is 51.14, neutral-to-weak, no reversal momentum.
- Entry 8.245, TP1 8.161, TP2 8.105, SL 8.357.
- Why now? Rejection at the top of the range, bearish risk-reward 1:2+.
Discussion:
Will this move reach TP2 8.105 first, or will it be a bear trap that pulls to 8.357 and sweeps the loss?