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LINK 4-hour timeframe hides reversal signals—are you brave enough to short?
$LINK /USDT - SHORT
Trading plan:
Entry: 8.300 – 8.326
SL: 8.433
TP1: 8.223
TP2: 8.163
TP3: 8.073
Why focus on this structure?
- Current price 8.313: EMA and RSI (62) show short-term overbought, and the 4H direction is clearly SHORT.
- Within the daily ranging range, the resistance at 8.326 hasn’t been broken, leaving room for downside to TP1: 8.223.
- Why now? The 15-minute RSI has already rolled over from high levels—wait for confirmation of an entry below 8.300.
Discussion:
Will this move hit TP2: 8.163 first, or will it be a short trap bounce?