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Trade Idea: LINK SHORT

Opened 2026-04-05 15:41:04 · Valid until 2026-04-06 15:41:04 · Triggered 2026-04-05 15:43:01 · Closed 2026-04-05 23:13:01
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
8.62000000
Stop
8.75000000
Targets
8.50000000 / 8.42000000 / 8.35000000
Live price
9.66000000
Live ROI
-12.06% vs entry
Idea ID
#10149
Now Entry Stop TP
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Thesis and checks

Chainlink (LINK) shows a short scalp opportunity based on multi-timeframe analysis:

  • 5m chart: Bearish engulfing candle near resistance at $8.65 suggests immediate selling pressure.
  • 15m chart: RSI divergence with price making a lower high while RSI drops, indicating weakening bullish momentum.
  • 1h chart: Price rejected at a key moving average resistance, confirming short bias.
  • Risk-reward is favorable with stop just above recent resistance and targets near recent support levels.

Trade ideas are educational. Manage risk and position size.