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LINK bulls shouldn't celebrate too early, 4-hour shorts are already lurking
$LINK /USDT - SHORT
Trading Plan:
Entry: 7.89 – 7.93
SL: 8.06
TP1: 7.80
TP2: 7.73
TP3: 7.62
Why focus on this structure?
- 4-hour EMA bearish alignment, 1D trend clearly bearish, the bounce is just an interlude.
- 15m RSI at 49.97, neutral to weak, cannot support sustained upward movement.
- Currently near 7.91, main plan is short entry: TP1=7.80, TP2=7.73, stop loss 8.06. If it breaks below 7.85 invalid, then bearish momentum is stronger.
- Why now? Bounce to resistance zone + high confidence signal, betting on trend continuation.
Discussion:
Will LINK first hit TP2, or reverse after a false breakdown?