$LINK TP1 Closed, Short-Term Downtrend Still Has Room 🔻

$LINK BEARISH REJECTION CONFIRMS CONTINUED SHORT-TERM DOWNTREND
{future}(LINKUSDT)
Short Trading Plan for LINK (20x)
Entry: 9.14 – 9.17
SL: 9.26
TP1: 9.05
TP2: 8.98
TP3: 8.92

LINK has confirmed a bearish rejection in the 9.14 – 9.17 range, signaling a continuation of the short-term downtrend. The current movement looks sluggish, and the structure on smaller timeframes is clearly deteriorating.

The stop loss is placed at 9.26, a relatively clean level above the resistance zone. If it gets swept, no regrets. If the downward pressure continues, targets of 9.05 → 8.98 → 8.92 are entirely feasible.

The distance from entry to stop loss is quite close (~1-1.3%). Suitable for a short-term short trade. Enter a small order and set the stop loss correctly.

Has the rejection of the price increase confirmed whether the short-term downtrend will continue? Have you entered a short trade yet? Comment to discuss.