Trade Idea: LINK SHORT

Opened 2026-04-02 16:46:15 · Valid until 2026-04-03 16:46:15 · Triggered 2026-04-02 17:04:02 · Closed 2026-04-03 16:47:01

How this works. Pending means price has not hit entry. Live means entry was hit and the trade is active until TP or SL or expiry. Closed means TP or SL hit, or expired. Times are UTC. Educational use only.

SHORT CLOSED RR 1.70 Conf 75% Scalp hours

Entry

8.61000000

Stop

8.85000000

Targets

8.40000000 / 8.25000000 / 8.10000000

Live price

9.63000000

Live ROI

-11.85% vs entry

Idea ID

#10078

Now Entry Stop TP

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Thesis and checks

Chainlink (LINK) shows a bearish confluence across multiple timeframes supporting a short scalp trade:

5m and 15m charts: Price is below the 20 EMA and 50 EMA with bearish momentum, indicating short-term selling pressure.
1h chart: The 1-hour chart shows a recent breakdown below a key support level near $8.65 with increasing volume, confirming bearish bias.
Current price is near resistance from the broken support turned resistance at $8.65-$8.70, providing a good entry for shorts with stop just above $8.85.
Targets are set near recent lows and psychological levels at $8.40, $8.25, and $8.10, offering a risk-reward ratio above 1.6.

Trade ideas are educational. Manage risk and position size.