Is it the last wild party for LINK longs? A death cross signal has appeared on the 4-hour timeframe



$LINK /USDT - SHORT sell

Trading plan:
Entry: 7.989 – 8.009
SL: 8.091
TP1: 7.930
TP2: 7.884
TP3: 7.814

Why pay attention to this setup?
- The 1-day trend is clearly bearish; a 4-hour EMA death cross is about to form. RSI on the 15M is only 56.87, and pullbacks lack strength.
- Current price is 7.999. Distance to TP1 (7.930) is only 0.87%, and the downside room is greater than the upside.
- Why now? With a 95% confidence bearish signal, ATR on the 1h is only 0.038. After volatility contracts, a further selloff is likely to accelerate.

Discussion:
Will this dip first wick down to 7.814 or directly break down? Where are you placing your orders for which TP?
LINK0.44%
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