Short $LINK at 11.4. Will sellers defend this level?
Price is below the 4H EMA50 at 11.6. I'm watching for a rejection here.
11.4 sits below the EMA50, trend favors sellers here. 1.1% to the stop, 1.7% to TP3 makes for a decent risk-reward. 1H RSI at 39 shows nothing stretched, possible for a drop.
🔴 SHORT
Entry: 11.42–11.44
TP: 11.36 / 11.31 / 11.23
SL: 11.56
Not advice, size it yourself.
Price is below the 4H EMA50 at 11.6. I'm watching for a rejection here.
11.4 sits below the EMA50, trend favors sellers here. 1.1% to the stop, 1.7% to TP3 makes for a decent risk-reward. 1H RSI at 39 shows nothing stretched, possible for a drop.
🔴 SHORT
Entry: 11.42–11.44
TP: 11.36 / 11.31 / 11.23
SL: 11.56
Not advice, size it yourself.
