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LINK’s rebound—why am I only looking bearish?
$LINK /USDT - SHORT sell
Trade plan:
Entry: 8.336 – 8.356
SL: 8.446
TP1: 8.271
TP2: 8.221
TP3: 8.146
Why focus on this structure?
Trend: 1D is ranging, and on 4h the direction is clearly bearish.
- Current price 8.346 is near the resistance zone, and RSI on 15m is 51.8, not oversold.
- Strategy: enter SHORT at the current price, TP1 8.271, TP2 8.221, stop-loss 8.446.
- Why now? The rebound lacks strength; the bearish structure hasn’t been broken, so we won’t get a higher high.
Discussion: