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$LINK Short Setup
I’ve taken a short on LINK here around $9.39 after price started losing the short-term ascending trend on the 1H.
I’m looking for this breakdown to hold and for price to move lower into the Fib retracement levels below.
Entry: $9.39
Stop Loss: $9.54
TP1: $9.23
TP2: $9.10
The 0.618 Fib around $9.23 is the first area I’m watching, with the 0.786 around $9.10 as the main downside target.
If LINK reclaims the trend and pushes back above $9.54, the setup is invalidated.
$LINK Short Setup
I’ve taken a short on LINK here around $9.39 after price started losing the short-term ascending trend on the 1H.
I’m looking for this breakdown to hold and for price to move lower into the Fib retracement levels below.
Entry: $9.39
Stop Loss: $9.54
TP1: $9.23
TP2: $9.10
The 0.618 Fib around $9.23 is the first area I’m watching, with the 0.786 around $9.10 as the main downside target.
If LINK reclaims the trend and pushes back above $9.54, the setup is invalidated.
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