LINK Longs’ final celebration? Is 7.978 a trap or the starting point?



$LINK /USDT - SHORT SHORT

Trading plan:
Entry: 7.964 – 7.992
SL: 8.147
TP1: 7.851
TP2: 7.766
TP3: 7.639

Why focus on this structure?
- The 1-day trend is clearly bearish, and the 4H cycle provides a short signal with 80% confidence.
- RSI on the 15-minute chart is 61.1. There may be a short-term rebound, but it’s not overbought, which could set up a second dip.
- The current price of 7.978 is sitting right on EMA resistance. If it can’t hold above 7.992, the shorts will dominate.
- Why now? The rebound is on decreasing volume + daily-chart pressure, and the short-entry window is open.

Discussion:
Will this move reach TP1 at 7.851 first, or will it wick straight down to 7.639? Place orders or wait and watch?
LINK3.45%
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