LINK’s rebound may be just a fake move, with shorts already positioned around 8.35.



$LINK /USDT - SHORT sell

Trading plan:
Entry: 8.343 – 8.363
SL: 8.446
TP1: 8.283
TP2: 8.236
TP3: 8.166

Why focus on this structure?
- 1D chart shows range-bound consolidation; on the 4H timeframe the trend is clearly bearish, and rebounds are weak under EMA pressure
- The 15-minute RSI is only 51.79, not in the overbought zone, so rebound momentum is insufficient
- Current 8.353 is the short entry point, TP1 at 8.283, TP2 at 8.236, stop-loss at 8.446
- Why now? Resistance at the lower bound of the range + low RSI gives shorts room to push straight down to TP2

Discussion:
Will this short move first reach TP2, or will it be baited into a long and pulled back to 8.5?
LINK-0.36%
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