$LINK - waiting for SHORT confirmation (x20)
Why are most market orders on $LINK selling right now?
Setup:
Entry: 10.59–10.61
TP1: 10.43
TP2: 10.25
TP3: 10.05
SL: 10.77
LONG vs SHORT: 0 vs 77, SHORT favored
🔴 Short (5/7): 4H trend down, 1H confirms, 30m below EMAs
🟢 Long (0/7): nothing yet
Why wait: price already ran, no chasing
Flip: a close above 10.77 kills the short idea
55.3% of market orders on the 30-minute chart are sells, so sellers are hitting the bid. That tells you where the pressure sits for this short idea. The last finished 30-minute candle ran at only 26% of normal volume, so nobody is rushing in yet.
The entry zone sits near 10.59, about 0.3% above price.
⚠️ Personal market insight, not investment advice. DYOR.
Why are most market orders on $LINK selling right now?
Setup:
Entry: 10.59–10.61
TP1: 10.43
TP2: 10.25
TP3: 10.05
SL: 10.77
LONG vs SHORT: 0 vs 77, SHORT favored
🔴 Short (5/7): 4H trend down, 1H confirms, 30m below EMAs
🟢 Long (0/7): nothing yet
Why wait: price already ran, no chasing
Flip: a close above 10.77 kills the short idea
55.3% of market orders on the 30-minute chart are sells, so sellers are hitting the bid. That tells you where the pressure sits for this short idea. The last finished 30-minute candle ran at only 26% of normal volume, so nobody is rushing in yet.
The entry zone sits near 10.59, about 0.3% above price.
⚠️ Personal market insight, not investment advice. DYOR.
