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Trade Idea: LINK SHORT

Opened 2025-10-08 00:15:49 · Valid until 2025-10-09 00:15:49 · Closed 2025-10-08 16:16:01
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 PENDING RR 2.50 Conf 75% Scalp hours
Entry 21.50000000
Stop 21.90000000
TP 21.20000000 / 21.00000000 / 20.80000000
Live 17.31000000
ROI 19.49% (vs entry)

Thesis and checks

Current market conditions indicate a bearish trend for Chainlink (LINK), making a short scalp trade favorable.

  • The 5m chart shows a recent breakdown below a key support level at $21.70, indicating selling pressure.
  • The 15m RSI is showing overbought conditions, suggesting a potential reversal in the near term.

Trade ideas are educational. Manage risk and position size.