$LINK short: 65% of accounts are long into 11.1 resistance on the 4H.
Sellers need to hold this zone. A close above 11.3 and the idea is dead.
On the chart:
- 4H at 11.1 sits below the EMA50 at 11.4, structure still favors sellers
- Funding +0.010%, longs are paying to hold while the crowd sits on the other side
- 1.7% to the stop against 2.5% to TP3, about 1.5R if it plays out
🔴 SHORT
Entry: 11.09–11.12
TP: 11.00 / 10.93 / 10.83
SL: 11.29
NFA, DYOR.
Sellers need to hold this zone. A close above 11.3 and the idea is dead.
On the chart:
- 4H at 11.1 sits below the EMA50 at 11.4, structure still favors sellers
- Funding +0.010%, longs are paying to hold while the crowd sits on the other side
- 1.7% to the stop against 2.5% to TP3, about 1.5R if it plays out
🔴 SHORT
Entry: 11.09–11.12
TP: 11.00 / 10.93 / 10.83
SL: 11.29
NFA, DYOR.
