Trade Idea: LINK SHORT

Opened 2026-04-09 14:36:01 · Valid until 2026-04-10 14:36:01 · Closed 2026-04-10 06:36:02

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 PENDING RR 1.70 Conf 75% Scalp hours

Entry

8.71000000

Stop

8.95000000

Targets

8.50000000 / 8.35000000 / 8.20000000

Live price

9.37000000

Live ROI

-7.58% vs entry

Idea ID

#10329

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 chart: Price rejected at resistance near 8.75 with bearish engulfing candle indicating short-term selling pressure.
15m chart: RSI trending down from overbought levels and MACD bearish crossover signaling momentum shift.
1h chart: Price below 20 EMA and forming lower highs, confirming short-term downtrend.
Risk-reward ratio above 1.6 with tight stop above recent resistance and targets near recent support levels close to current price.

Trade ideas are educational. Manage risk and position size.