Bounce under the EMA wall.
🔴 $LINK - SHORT
Trade Plan:
Current Price: ~11.414
Entry Zone: 11.450 – 11.700
SL: 11.950
TP1: 11.100
TP2: 10.800
TP3: 10.400
LINK is still trapped beneath the 20-day and 50-day MAs — the bearish regime holds regardless of the bounce. The 11.450–11.700 zone aligns with the descending trendline from 12.40 and the 200 EMA at 11.98, which has capped every rally. Volume profile shows the heaviest node at 11.40–11.85, so trapped longs supply the bounce. RSI at 55 leaves room for another leg lower.
Fading the 11.450–11.700 retest or waiting for 11.100?
Click below for trade 👇
DYOR & manage risk!
$LINK
🔴 $LINK - SHORT
Trade Plan:
Current Price: ~11.414
Entry Zone: 11.450 – 11.700
SL: 11.950
TP1: 11.100
TP2: 10.800
TP3: 10.400
LINK is still trapped beneath the 20-day and 50-day MAs — the bearish regime holds regardless of the bounce. The 11.450–11.700 zone aligns with the descending trendline from 12.40 and the 200 EMA at 11.98, which has capped every rally. Volume profile shows the heaviest node at 11.40–11.85, so trapped longs supply the bounce. RSI at 55 leaves room for another leg lower.
Fading the 11.450–11.700 retest or waiting for 11.100?
Click below for trade 👇
DYOR & manage risk!
$LINK
