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Is LINK long trapped? This data set points to 8.2
$LINK /USDT - SHORT to go short
Trading plan:
Entry: 8.318 – 8.338
SL: 8.423
TP1: 8.257
TP2: 8.210
TP3: 8.139
Why focus on this structure?
On the 4-hour timeframe, the SHORT signal is activated; the 15-minute RSI has fallen to 44.96, and momentum has exhausted. The 1-day trend is ranging, and the EMA moving averages are clearly capping price. With entry around 8.328, TP1 is at 8.257, and TP2 goes as low as 8.210—there’s still room for the bears.
Discussion:
Do you think this move hits TP2 first, or is it a stop-hunt dip followed by a rebound?