$LINK Short 75x | Short thesis remains intact as supply holds firm.
LINK is at a critical juncture, poised between a decisive short and a potential failure. I’m already in the trade; my focus is solely on whether supply can withstand this challenge.
Trade Plan:
- Entry: 11.25900 – 11.29300
- TP1: 11.15000 (R:R 1:0.7)
- TP2: 11.06700 (R:R 1:1.2)
- TP3: 10.94100 (R:R 1:2.0)
- SL: 11.44400
Why this setup?
- The short setup is still valid on 4h, with price action adhering to 11.25900–11.29300 while the daily outlook remains bullish.
- The 15m RSI at 42 indicates there's still potential for sellers to drive prices lower, provided they defend the level.
- Current volume stands at 4.02x, with 13.16K traded against 3.27K anticipated, confirming solid participation in this move.
Trade here 👇 and are we witnessing a reversal in the making, or is this merely a feeble rejection?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
LINK is at a critical juncture, poised between a decisive short and a potential failure. I’m already in the trade; my focus is solely on whether supply can withstand this challenge.
Trade Plan:
- Entry: 11.25900 – 11.29300
- TP1: 11.15000 (R:R 1:0.7)
- TP2: 11.06700 (R:R 1:1.2)
- TP3: 10.94100 (R:R 1:2.0)
- SL: 11.44400
Why this setup?
- The short setup is still valid on 4h, with price action adhering to 11.25900–11.29300 while the daily outlook remains bullish.
- The 15m RSI at 42 indicates there's still potential for sellers to drive prices lower, provided they defend the level.
- Current volume stands at 4.02x, with 13.16K traded against 3.27K anticipated, confirming solid participation in this move.
Trade here 👇 and are we witnessing a reversal in the making, or is this merely a feeble rejection?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
