$LINK ran from 10.67 to 11.74 in 24 hours, but futures traders closed positions into the move instead of adding. From what I've seen, a rally built on short covering rather than new money often gives back its last leg.

**Recap ($OP, 09:50):** The 09:00 candle closed at 0.1213, below the 0.1221 trigger, so **not triggered**. OP then slipped to 0.1178, under the 0.1185 stop level, which kills the idea before entry. No P&L.

**$LINK now**

- 11.565, +8.1% 24h. Rejected at 11.735 in the 08:00 candle.

- Funding -0.0008%, **18th percentile** of the last 90.

- OI 8.27M → 7.92M LINK (-4.2%, 24h).

- Top traders 1.63 long, accounts 63% long. Taker buy/sell 0.83 this hour, the first sub-1 reading in six.

**Call: short on breakdown.**

- **Stop:** 11.74 (above the rejection high)

- **Trigger:** 1h close below 11.44 (low of the 08:00 breakout candle)

- TP1 11.21 · TP2 10.90

A 1h close above 11.74 with OI rising means the buyers are real, and I stay flat.

**Short covering or fresh demand: does $LINK hold 11.44? Drop your call below.**

*Not financial advice. Data: Binance Futures API, 10:50 Taipei.*

#ShortHunter