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LINK bulls still barely holding on? 4-hour-level bearish signals are already in place
$LINK /USDT - SHORT
Trading plan:
Entry: 8.280 – 8.304
SL: 8.405
TP1: 8.207
TP2: 8.151
TP3: 8.067
Why focus on this structure?
- Current price 8.292, hovering right by the 1-hour EMA; RSI (15m) 57.59, momentum is weak
- The 1D trend is ranging, but the 4-hour direction is clearly SHORT; TP1=8.207, TP2=8.151
- Why now? Price hasn’t broken the 8.304 resistance, and the bearish stop loss at 8.405 is far away, making the risk-reward ratio ideal
Discussion:
Will this bearish leg come first to 8.151 and then rebound, or will it straightaway spike down to needle in longs?