LINK longs don’t dare chase the price higher, but shorts are lying in wait at 8.36



$LINK /USDT - SHORT SELL

Trading plan:
Entry: 8.354 – 8.374
SL: 8.460
TP1: 8.292
TP2: 8.244
TP3: 8.172

Why pay attention to this setup?
- On the 4H timeframe, the bearish signal is clear; ATR is only 0.04. After a period of narrow-range consolidation, it’s likely to break down.
- The 15M RSI at 56.63 hasn’t gone overbought. The short entry at 8.364 lines up perfectly with the EMA resistance level.
- On the daily timeframe, the market is ranging. The SHORT setup has better odds than the LONG: TP1 at 8.292 is already close, and TP2 at 8.244 has volume/flow support.

Discussion:
If LINK first rebounds to 8.374, would you place a short right away, or wait for 8.364 and test with a small position?
LINK-0.06%
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