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LINK at 8.35—both longs and shorts are betting their lives there.
$LINK /USDT - SHORT
Trading plan:
Entry: 8.34 – 8.36
SL: 8.44
TP1: 8.28
TP2: 8.24
TP3: 8.17
Why focus on this structure?
- 4H timeframe is clear: SHORT, confidence 55%, not just random calls.
- Reference price on 1H is 8.35; RSI on 15M is 54—no oversold yet, shorts still have room.
- Target TP1 8.28 → TP2 8.24, stop loss 8.44, risk-reward ratio 2:1.
- Entering now is exactly the critical point of EMA being pressured, with longs and shorts in a standoff.
Discussion:
Will this move reach TP2 first, or will it be a stop-hunt bounce? Are you brave enough to place an order at 8.35?