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Trade Idea: LINK SHORT

Opened 2025-10-03 18:06:08 · Valid until 2025-10-04 18:06:08 · Closed 2025-10-04 10:55:02 · Triggered 2025-10-04 04:31:01
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 2.00 Conf 75% Scalp hours
Entry 22.20000000
Stop 22.50000000
TP 21.80000000 / 21.50000000 / 21.20000000
Live 17.39000000
ROI 21.67% (vs entry)

Thesis and checks

Shorting Chainlink (LINK) presents a favorable opportunity based on recent price action and technical indicators.

  • 5m Chart: A bearish engulfing candle has formed, indicating a potential reversal from the recent high.
  • 15m Chart: The RSI is showing divergence, suggesting weakening bullish momentum and a likely continuation of the downtrend.

Trade ideas are educational. Manage risk and position size.