🚨 $LINK SHORT TRADE SETUP
$LINK has just flushed below the lower Bollinger Band after a strong ~35% width expansion, signaling increased volatility and aggressive momentum.
📉 Market Structure: Price broke below the $7.82 level and is now attempting to flip it into resistance. However, sellers are still in control for now.
📊 Key Signals: • 1H RSI is oversold → short-term bounce possible
• Bollinger Bands expanding aggressively → strong trend phase
• Taker flow still dominated by sellers
• Retail is heavily long (L/S ratio: 1.92) → potential squeeze continuation to downside
🎯 Trade Plan (SHORT): Entry: $7.82 – $7.95
Stoploss: $8.15
Targets: $7.55 / $7.15 / $6.65
⚠️ Invalidation: If price reclaims and holds above $8.00, this short setup is invalidated.
📌 Bias: Overall structure remains bearish unless $8.00 is reclaimed.
NFA — Always do your own research
Are you in this trade?
$LINK has just flushed below the lower Bollinger Band after a strong ~35% width expansion, signaling increased volatility and aggressive momentum.
📉 Market Structure: Price broke below the $7.82 level and is now attempting to flip it into resistance. However, sellers are still in control for now.
📊 Key Signals: • 1H RSI is oversold → short-term bounce possible
• Bollinger Bands expanding aggressively → strong trend phase
• Taker flow still dominated by sellers
• Retail is heavily long (L/S ratio: 1.92) → potential squeeze continuation to downside
🎯 Trade Plan (SHORT): Entry: $7.82 – $7.95
Stoploss: $8.15
Targets: $7.55 / $7.15 / $6.65
⚠️ Invalidation: If price reclaims and holds above $8.00, this short setup is invalidated.
📌 Bias: Overall structure remains bearish unless $8.00 is reclaimed.
NFA — Always do your own research
Are you in this trade?
• Yes, short 🔴
28%
• Waiting for entry 🟡
32%
• No position ⚪
12%
• Already took profit 🟢
28%
25 votes • Voting closed