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Can you short LINK at 8.267?
$LINK /USDT - SHORT sell
Trading plan:
Entry: 8.255 – 8.279
SL: 8.380
TP1: 8.182
TP2: 8.126
TP3: 8.041
Why focus on this structure?
- The 4-hour cycle signal leans SHORT; RSI on the 15m is 47.9, momentum is neutral but slightly weak
- The 1-day trend is range-bound; the current price is near the top of the range, and shorting has logical support
- Key resistance is 8.279; if it holds above, the short position fails. The first target TP1 below is at 8.182
Discussion:
Will this move hit TP2 at 8.126 first, or fake a breakdown and then rebound?