Intraday Trade Setup for $LINK USDT
Market Overview: LINK/USDT is trading at $14.23 (+1.86%), approaching a key resistance zone. RSI is 66, nearing the overbought level, and KDE Optimized RSI shows 53.04% bearish inclination, indicating potential selling pressure.
📉 Short Trade Setup (Sell Position)
• 🔹 Entry: $14.18 - $14.26 (Strong resistance zone)
• 🔹 Stop-Loss (SL): Above $14.35 (Invalidation level)
• 🔹 Take Profit (TP) Targets:
• TP1: $14.07 (First support)
• TP2: $13.98 (Next demand zone)
• TP3: $13.93 (Major support level)
• 🔹 Risk-Reward Ratio: 1:2+ (High probability trade)
📊 Trade Execution Plan
1. Wait for price to enter resistance zone ($14.18 - $14.26).
2. Look for bearish confirmations (RSI drop, rejection wick, increased selling volume).
3. Enter a short trade with SL at $14.35 and TP targets at $14.07 - $13.93.
4. Once TP1 ($14.07) is hit, move SL to breakeven and ride the trend for extended targets.
🚨 If price breaks above $14.35, the bearish setup is invalid. Manage risk wisely! 🚨