$LINK - SHORT bias (x40)
Everyone sees a calm $LINK chart. The funding line tells a different story.
TRADE PLAN
Entry zone: 11.75 - 11.76 (ref 11.757)
TP1: 11.67 (+0.74%)
TP2: 11.6 (+1.34%)
TP3: 11.53 (+1.93%)
Stop loss: 11.84 (-0.70%)
Funding sits at 0.0026%, meaning longs pay shorts just to hold their spot. That cost stacks up while price goes nowhere. My read is that the trade is already priced in at 11.75, with the stop 0.7% away and the first target the same distance out.
⚠️ Personal market insight, not investment advice. DYOR.
Everyone sees a calm $LINK chart. The funding line tells a different story.
TRADE PLAN
Entry zone: 11.75 - 11.76 (ref 11.757)
TP1: 11.67 (+0.74%)
TP2: 11.6 (+1.34%)
TP3: 11.53 (+1.93%)
Stop loss: 11.84 (-0.70%)
Funding sits at 0.0026%, meaning longs pay shorts just to hold their spot. That cost stacks up while price goes nowhere. My read is that the trade is already priced in at 11.75, with the stop 0.7% away and the first target the same distance out.
⚠️ Personal market insight, not investment advice. DYOR.