DraykonX
--
Bearish
$LINK
{future}(LINKUSDT)
USDT – SHORT
Leverage: 25× | Timeframe: 1H
Entry: 23.5
Stop Loss: 23.48 (~1.2% above entry)
Targets:
T1: 23.06 (~0.6%)
T2: 22.92 (~1.2%)
T3: 22.78 (~1.9%)
T4: 22.51 (~3.0%)
Reasoning:
Resistance Rejection: Price faced strong resistance near 23.22–23.23, triggering a short-term reversal.
RSI Indicator: 1H RSI shows overbought conditions (>70), signaling potential pullback.
MACD Signal: Bearish crossover confirms weakening bullish momentum.
Volume Analysis: Increased selling volume supports downward movement.
Risk Management:
SL placed above recent swing high to avoid false breakouts.
Recommended position size: 2–5% of portfolio.
Tip: Scale out profits at each target to secure gains.
---
💡 Follow @Draykonx – Trade Smart, Trade Confident!
#LINKUSD
{future}(LINKUSDT)
USDT – SHORT
Leverage: 25× | Timeframe: 1H
Entry: 23.5
Stop Loss: 23.48 (~1.2% above entry)
Targets:
T1: 23.06 (~0.6%)
T2: 22.92 (~1.2%)
T3: 22.78 (~1.9%)
T4: 22.51 (~3.0%)
Reasoning:
Resistance Rejection: Price faced strong resistance near 23.22–23.23, triggering a short-term reversal.
RSI Indicator: 1H RSI shows overbought conditions (>70), signaling potential pullback.
MACD Signal: Bearish crossover confirms weakening bullish momentum.
Volume Analysis: Increased selling volume supports downward movement.
Risk Management:
SL placed above recent swing high to avoid false breakouts.
Recommended position size: 2–5% of portfolio.
Tip: Scale out profits at each target to secure gains.
---
💡 Follow @Draykonx – Trade Smart, Trade Confident!
#LINKUSD
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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